With just 8% growth, India trails other EMs in latest market surge

A rate cut by the US Federal Reserve, progress in trade talks, and the Brexit deal have benefited both developed markets as well as EMs, say analysts

Domestic equities have been laggards in the latest market surge, triggered by a host of reasons such as progress in the US-China trade talks, earnings optimism, and the easy monetary stance taken by the US Federal Reserve. 

Emerging markets (EMs) have been on an upmove since August-end, gaining over 10 per cent. During the same period, Indian benchmarks have gained only 8 per cent. Had it not been for the corporation tax rate cut, the indices could have been trading in negative territory. 

While India has benefited from the improvement in global investor sentiment, domestic issues such as weak economic growth, crisis