HSBC: India is the Most Expensive Emerging Market HSBC has reported that India is currently the most expensive emerging market. The Indian stock market is trading at a price-to-earnings (P/E) ratio of 20 times. This makes India nearly 60% more expensive compared to markets like China, Indonesia, and South Korea.Despite the high valuation, HSBC believes … Continue reading India Market Valuation High but Justified: HSBC | FMCG Sector Revival Needs More Proof: Goldman Sachs