Indian Market Commanding Higher Valuations On Investors Optimism & Trust: SEBI Chief

At The CII 17th Corporate Governance Summit, SEBI Chairperson Madhabi Puri Buch stated that the Indian capital markets are commanding higher valuations due to foreign investors' optimism and trust in the country. She noted that, at 22.2, the price-to-earnings multiple ratio in the Indian market is higher than the average of many indices around the world. She emphasized, "Our markets are commanding this price-to-earnings (P/E) multiple, which exceeds the averages of world indices." Addressing the notion that India is considered an expensive market, she questioned, "Still, why is the investment coming?" She attributed it to the trust and faith that the world has in India, enabling the country to command such multiples.