Make in India: Modi's scheme providing opportunities

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There are good reasons to believe in, and even tangible signs of, the long-awaited revival of private capital in India.

Lacklustre since before the global financial crisis, it may now have the conditions to be making a true, sizeable recovery.  Companies have fortified balance sheets, healthy earnings and improved returns on equity; there is a recapitalised banking system that is through the other side of their non-performing loans issues and willing to lend; a pro-business policy reform backdrop and rising demand, in part helped by diversifying global supply chains. This sets the scene for a boost to spending after a long period of underinvestment. Deep Dive: Indian equities are the 'investment opp...