India among top three equity markets

India is among the top three equity markets in the world on a risk-adjusted return basis. An FE study of 15 popular global indices over the last ten years, found that India trailed Indonesia and Russia and in that order. With similar risk existing across most equity markets, returns in effect became the determining factor in overall scores. The overall return givings of an equity market were found to have a higher correlation to growth rates of that economy during that period.

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