Indian equities are attractive, mainly on fundamentals: Ashmore's Jan Dehn

A large part of the market buoyancy over the past few months in India has been on account of mid- and small-caps, says Dean

As the economy and the markets change gears after the second Covid wave, London-based JAN DEHN, head of research at Ashmore Group, tells Puneet Wadhwa in an interview that foreign investors are mainly focusing on the US due to advanced vaccinations, but this will change once vaccinations in India and EMs pick up and the economic recovery gets stronger. Edited excerpts:

How attractive do Indian equities look in the context of global markets?

Indian equities are very attractive, mainly on fundamental grounds. India has managed to curb the spread of the Delta variant of coronavirus with far greater success than many expected,