Emerging market managers turn more positive on India but not without caution

SPECIAL REPORT: INDIA

After a difficult 2011, Charlotte Richards examines what investors should expect from India this year.

India had a bumpy ride during 2011. With inflation reaching a peak of 9.1%, sluggish growth and global market concerns, it seemed nothing was going right for the country. Both the stock market and currency took a big hit. The BSE Sensex fell to a 52 week low of 15,135 on 20 December, while the rupee hit an all-time low against the US dollar, falling more than 10% since the start of the year to 53.42. Bumpy start to the year The beginning of this year has not been much better. In early February, the country cut its growth economic forecast again to 6.9% for the fiscal year ending 31 ...