India commanding higher valuations on investors' optimism, trust: Buch

Sebi chairperson Madhabi Puri Buch on Tuesday said the Indian capital markets are commanding higher valuations because of foreign investors' optimism and trust in the country. She said at 22.2, the ratio of price to earning multiple in the Indian market is higher than the average of many indices around the world. "Yes, some people say that we are an expensive market but still why is the investment coming? Because this is a reflection of the optimism and the trust and faith that the world has in India today that we are commanding the kind of multiples in our markets," she said at a CII event on corporate governance here.

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