The country has a 'very strong' track record of generating returns, said Goldman Sachs strategist Sunil Koul.
India is the "best structural story" among emerging markets by far, according to Goldman Sachs strategist Sunil Koul. It's time for investors to consider getting back into India, Koul, who is vice president of Asia Pacific portfolio strategy at the investment bank, told CNBC's "Street Signs Asia" on Friday. "The amount of interest we are seeing, especially from global investors, is off the charts," he added.
" It also has a high proportion of what Goldman analysts dub "multibagger" stocks, according to Koul. These share a number of traits including high realized growth rates, high capital return ratios and inexpensive starting valuations. What to buy Koul told CNBC Friday that he still likes banks, as valuations are less expensive. "Banks are the one sector that's still trading at mid-cycle valuations. They're gaining market share from non-banks," he said.
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