While the not-so-impressive execution of  demonetization does seem to have deterred foreign investors, Aberdeen finds it staggering that India’s improving outlook is not being recognized the way it should be.

“We are not in wait-and-see mode anymore. Even though it is still relatively early days, the economy has transitioned, we are already seeing significant improvement and the groundwork has been laid for even stronger performance ahead. To not acknowledge that the outlook has improved is staggering.” – Hugh Young, Asia Managing Director, Aberdeen Asset Management

Source: Bloomberg

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