New Delhi, May 14 -- India has emerged as the most preferred equity market in the Asia Pacific region, according to the latest Fund Manager Survey (FMS) by BofA Securities. Backed by positive sentiment around infrastructure development, strong consumption trends, and ongoing supply chain realignments, Indian equities have overtaken Japan to secure the top spot among fund managers.

A net 42 percent of respondents in the BofA Securities' May survey favored India over other Asia Pac markets. Japan followed at 39 percent, while China, which had previously ranked lowest, climbed to third place with 6 percent preference. Singapore trailed at 3 percent, and Thailand remained the least favored market in the region.

"India emerges as the most fa...