India's large caps stuck in 'bygone economic era', says Bernstein, as foreign investors head for the exit
Why now
Thesis: Foreign outflows from Indian large caps likely continue
Catalyst to watch: FII flow and earnings data
Main risk: Continued underperformance versus peers
Why it matters
Bernstein argues foreign investors lack reason to hold Indian large caps, implying continued outflows and weak relative performance.
Details
Global brokerage Bernstein said foreign investors had little reason to invest in India as large businesses were struggling to reinvent themselves.
Sources
- cnbc · 2026-09-22 07:26 UTC