India is likely to perform better than emerging markets this year, even though there is a considerable less conviction among investors regarding the country as compared to second half of last year, a survey conducted by Morgan Stanley has said.
While most of respondents said they expected India to do better than emerging markets this year, 85 percent respondents had done so in earlier survey conducted in the second half last year.
Apprehensions over health of the global economy have triggered a risk averse sentiment among global investors, who had withdrawn money from riskier assets including India, and moved to gold and developed world bonds.
Survey conducted by firm showed that a majority of foreign investors remained faithful in India's growth story.
Sensex has gone up 10 percent since the Budget for 2016-17 was presented on February 29.
Foreign investors have imvested around Rs 13,000 crore into Indian equities after withdrawing nearly Rs 26,200 crore in first two months of the year.