Indian equities: crash or overdue correction?

Strategists are guardedly optimistic on the prospects for India's equity markets, saying that India cannot stay afloat if other Asian markets start to drown.

ôIf all Asian markets tumble, India will also fall down like a pack of cards,ö says a banker who heads the equity capital markets division at a global investment bank, observing that India does not û yet û have the capacity to withstand Asia-wide shocks.

Despite this pessimistic view, there is consensus among specialists that India is reasonably insulated to the US subprime crisis which is currently haunting global equity markets.

ôOur clients are generally positive that India is less...

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