Despite elevated valuations, Indian stock markets less expensive than US: Report

Mumbai (Maharashtra) [India], January 2 (ANI): The domestic equity markets appear less expensive than their US counterparts when compared on the market capitalisation to GDP (Mcap-to-GDP) metric, according to a report by Axis Direct.

The report highlighted that while Indian markets are trading above their long-term average on this valuation indicator, they remain fairly valued when seen in the context of earning