India's emerging market underperformance a relative disaster: Wood
India's equity underperformance within the emerging markets has been a "relative-return disaster", not an "absolute" disaster, Jefferies' Global Head of Equity Strategy Christopher Wood said. "This is because of the continuing remarkable resilience of domestic inflows," he added. Indian equities have trailed the MSCI Emerging Markets index by 27 percentage points so far in 2025.