In this segment of Market Masters, Ridham Desai, MD of Morgan Stanley India in conversation with Prashant Nair, Nigel D'Souza, and Mangalam Maloo on the way forward for Modi 3.0 from the sidelines of Morgan Stanley India Investment Forum.Desai believes a 21 times headline price to earning (P/E) multiple is currently masking the attractiveness of the Indian markets which is only halfway through an upcycle. "There's a long way to go before the earnings peak out."
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