India's large caps stuck in 'bygone economic era', says Bernstein, as foreign investors head for the exit
Global brokerage Bernstein said foreign investors had little reason to invest in India as large businesses were struggling to reinvent themselves.
TL;DR
- Foreign investors have little reason to invest in India.
- Large Indian businesses are struggling to reinvent themselves.
- The current economic landscape does not offer compelling reasons for foreign investment in India's major companies.