India not a great investment story now, says CLSA's Christopher Wood

CLSA's chief equity strategist Christopher Wood says Indian stocks have the potential to once again become the favourite among Asian markets, if the investment cycle picks up in the country. But for now, "the Indian story is not great investment story until we have the hard evidence of an investment cycle pick-up. If the investment cycle picks up, it could become the best equity story in Asia," he said.