Why Indian stocks have good potential

The world economy, especially US valuations, isn’t compelling. Interest rates are so low that there is no headroom for further cut. Corporate profits are disappointing as revenues aren’t growing. On the other hand, for a country like India there is still scope for a cut in interest rates. I think India can cut up to 200 basis points. The concern for India is bureaucracy. A socialist attitude is not good for growth. There is huge potential in India but that potential will have to be exploited.