India's GDP Surges Past Expectations, Yet Large-Cap Stocks Lag Behind
Despite India's economy outperforming forecasts for the past year, the Nifty 50 and Sensex indices have fallen short, with the Nifty 50 dropping over 2% in the last 12 months. The underperformance stems from heavy weightings in financial and IT sectors, which miss the growth in manufacturing and consumer tech. Meanwhile, mid-cap stocks have thrived, with the Nifty Midcap 150 gaining 10% over the same period.
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Original headline: “Inside India newsletter: India's economic growth is smashing forecasts, but its biggest stocks aren't feeling the love.” Browse more stories.