The India story still reads well !!!
Sensex fares well in terms of P/E growth among BRIC, global indices.
Despite a 9.4% fall in the sensex, the BSE benchmark index still have attractive valuations at a PE of 23.5.
India is still attractive destination for global investors in comparision with 10 other global indices.
India trailng behind Korea, has second lowest PEG compare to US,UK,France Germany & others.While KOSPI has the lowest PEG at 1.3, the Sensex PEG is at modest 1.7.Although KOSPI proceeds the Sensex, its earning growth at 10% is lower than the earning growth of the Sensex at 15%.(Source-ET).
