Positive economic reform is undoubtedly coming to India with Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) playbook focused on a classic low tax, anti-red tape and ultimately investment friendly agenda, designed so that the entrepreneur can prosper and hopefully employ many more people.
But broad economic improvement is likely to be slow in coming - perhaps not for another few quarters - so in the meantime, it is worth looking at companies which are experiencing growth rates well ahead of trend. A few examples of these are healthcare, soft drinks and shopping malls, and particularly the cinemas within them. Healthcare Healthcare is an area of undoubted need with a mere 12 hospital beds per 10,000 Indians versus 29 in America and an impressive 42 in China. Need is one thing and the ability to pay for it is another. With roughly half of medical bills still paid ou...
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