The MSCI EM Index has fallen about 17 per cent this year through Monday - the second-steepest plunge for the period in data stretching back to 1993
The broader indices lagged in trade on Monday. The BSE Midcap and Smallcap indices ended with losses of 0.9 per cent and 1.9 per cent, respectively
The MSCI Emerging Markets Index has gained more than 50 per cent since reaching this year's low in March
'EMs will significantly outperform developed market (DM) assets. Both bonds and stocks, as well as currencies,' he says
In comparative terms, India has been a laggard among Emerging Markets in 2020. The downgrade just makes the task of its economic recovery a little more daunting
The consensus earnings per share (EPS) growth estimate in 2020 for the Indian market is 20.3 per cent, while the same for the EM pack is 14.1 per cent
A heavy political agenda in Latin America and a slew of inflation reports signal increased volatility