India's equity markets have endured a grinding stretch of underperformance, and according to Vikash Kumar Jain, MD and Head of Research at CLSA Investment, the numbers tell a sobering story. Since India peaked in late September or early October 2024, the Nifty has trailed Korea by a staggering 180 percentage points , meaning an investor who moved money from India to Korea at that point would have nearly tripled their investment over roughly 18 months. Against Taiwan, the underperformance stands at 110 percentage points.
