India's decoupling from global capital market surprising: Mukul Kochhar

Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India.

India has outperformed major global markets over the past one year. There are reasons for India’s performance but the extent creates concern, says Mukul Kochhar, head, Institutional Equities, Investec India. Kochhar, in an interview to Samie Modak, explains the reasons for India’s outperformance and why investors should temper their return expectations for the mid-term.

Edited excerpts from an interview.

What justifies India’s outperformance to global equities over the past year?

The extent of India’s decoupling from the global capital markets has surprised. Both Indian equities as well as the currency have outperformed. The reason for the outperformance is two-fold. Firstly,