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Markets hit by deeper corrections may outperform India: Morningstar CEO

Indian investors doing right by holding on during corrections, says Kunal Kapoor

Kunal Kapoor, Chief Executive Officer, Morningstar
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Kunal Kapoor, Chief Executive Officer, Morningstar

Abhishek Kumar Mumbai
Foreign investors are unlikely to make fresh inflows to India unless there's clarity on global inflation and interest rates, said Kunal Kapoor, chief executive officer of Morningstar, the Chicago-based financial services firm. Global markets that witnessed deeper corrections in 2022 could fare better than India over the next few years, said Kapoor in a video interview. Here are edited excerpts from the interview with Abhishek Kumar.

Why has the number of investment advisors remained low in India despite rising wealth?
 
The advisory business in India is still in its early stages. Investors are not yet open to paying for financial