A spotlight on India's economy

India's new prime minister is "bold and decisive", but investors should not underestimate the deep rooted problems the economy faces, explains Roderick Snell, manager of the Baillie Gifford Pacific fund.

India is home to numerous high-performing companies with strong competitive advantages. However, many of these businesses have been severely inhibited over the past few years by a combination of woeful domestic politics and a weak Indian economy. With a change in government and a rebounding economy, the issues that have held back corporate India appear to be turning, and India looks likely to be an increasingly exciting and rewarding place to invest over the coming years. Economic improvements So what has improved? On the economic front, India’s key problems have been its large ext...