Jan 08, 2019 23:17:48 (IST)
"Last year, nothing really worked so the average Indian company did very poorly in terms of the returns that they gave. The small-to-mid sized companies did poorly," Ruchir Sharma says.
"The point that I was making here was that if you compare India's companies to other developing countries, Indian companies generally are of better quality when you look at some of the measures - what is their return on equity, what are the earnings growth, how consistently do they deliver that," he says
"But yeah, 2018 was say not a great advertisement for I would say how well Indian companies do because of the poor returns that the average stock generated in India," he says.
"The point that I was making here was that if you compare India's companies to other developing countries, Indian companies generally are of better quality when you look at some of the measures - what is their return on equity, what are the earnings growth, how consistently do they deliver that," he says
"But yeah, 2018 was say not a great advertisement for I would say how well Indian companies do because of the poor returns that the average stock generated in India," he says.