Faith in India's economy is giving overseas investors the confidence to snap up equities at the quickest pace in more than a year. Traders are shrugging off the most expensive stock valuations since 2011, sending Indian shares back toward a bull market amid forecasts for the strongest monsoon in two decades and data showing the nation growing faster than all other major economies. Inflows may continue as the benefits of Prime Minister Narendra Modi's policies emerge in corporate earnings reports, investors including Mark Mobius and BNP Paribas SA said.
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