In its recent report, brokerage house Motilal Oswal (MOSL) pointed out that the decline was not just restricted to India and most major global peers also ended lower in October.
Following the rebound in domestic equities from the year s low late in March, the weight of Indian stocks in the MSCI EM index has risen from 12.97% at the end of January to 14.21% currently, the highest rise among peers in the basket.
Morgan Stanley said that it is bullish on India's structural growth outlook and that growth will be driven by a digital infrastructure-empowered lending boom, demographics, domestic demand and improving Foreign Direct Investment (FDI).