India expected to outperform emerging markets – Morgan Stanley

Construction workers in Chandigarh

India is expected to outperform emerging markets in 2016 although investor confidence is beginning to weaken according to a new  survey from Morgan Stanley.
 While 52% of the respondents in the survey said they expected India to outperform emerging markets this year, this figure was considerably down from the 85% who expressed the same sentiment in the second half of 2015.
Concerns over the health of the global economy have triggered a risk averse sentiment among global investors, who had been moving  to gold and developed world bonds, the survey said, but concluded  that a majority of foreign investors continue to have confidence in India’s growth story. 

Source: indiatimes