Foreign funds could start seeing India as a separate asset class, distinct from EM: Macquarie’s Viktor Shvets

Explaining why he believes this change could take place, Shvets compared India to the United States. Like US, he noted, India is aiding labour, capital, and growing multi-factor productivity which cannot take place in other western countries like UK, Canada or even Japan. This he believes can give India a "very strong structural backbone".

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