Even as the optimism around India is quite high, foreign investors are treading cautiously, choosing to wait for fourth quarter earnings before taking investment calls, says GV Giri, Head of Research at IIFL Institutional Equities from the sidelines of the 2-day IIFL Enterprising India Conference. Foreign fund inflows that had dried up last year have started returning since the start of this calendar, he says. Barring a couple of markets, India has outperformed most emerging markets this year.
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