'Party's just begun' for Indian stock funds: Morgan Stanley
Morgan Stanley India MD Ridham Desai said "the party has just begun" for Indian stock funds, as nation's savers chase equity returns. Desai said Indian stocks aren't very expensive, and he expects a rebound in economic growth and company earnings. "We are fairly sanguine about earnings as the dust settles down on GST in the next 12 months," Desai added.