India most expensive market, no amount of handwaving can justify valuation: Aswath Damodaran

India is the most expensive equity market in the world, and “no amount of handwaving” can justify its current valuation levels, according to “Valuation Guru” Aswath Damodaran, a professor of finance at New York University and a leading expert on valuation.

In his latest blog post, Damodaran…