India Maintains Second-Highest Market Valuation in Asia Despite Recent Correction

India's stock market valuation has declined following the West Asia crisis but remains the second-highest among Asian markets, with a trailing 12-month price-to-earnings (PE) ratio of about 21.77x, below its historical averages yet above peers like Indonesia, South Korea, and China. Experts attribute the premium to strong corporate balance sheets and returns on equity but caution that ongoing geopolitical tensions could affect earnings and prompt a reassessment of valuations.