Earnings growth is perhaps one of the issues that has come through in India and why the market has not performed as well as it might. However, that again is a function of relatively sedate for India GDP growth, said Bryony of Aviva Investors.

The global markets are in a period of extreme volatility, as the dollar is strengthening on growth that is coming through, but coming through in-line with expectations, Deuchars added.

Country’s now that have stronger growth, stronger external balances, fiscal deficits that are under control, foreign exchange reserves are being rebuilt, that is not across the board, but by and large most countries are now looking much stronger than they were five years ago, he added.

"You have seen the reforms that Modi has put through, both of which in terms of the demonetization and the GST introduction, were bottlenecks to growth and certainly slowed GDP growth down which then filtered through into the earnings growth, Deuchars said, speaking about India.

Read More: Global markets in a period of extreme volatility, says Aviva Investors

First Published:May 24, 2018 11:33 PM IST