Investing in India's 'stealth' bull market

Giant economy offers fast growth

Investors in emerging markets will be very aware of the significant underperformance of Chinese equities so far this year, as authorities moved to clamp down on regulatory concerns and certain business activities.

Yet in India, another developing nation, things have been looking much rosier and it remains the one giant economy offering faster growth. Forecasters are anticipating GDP growth of more than 9% in India in the current recovery year, to be followed by more than 6% next year.  Indian equities remain expensive and could be hit by any general world downturn or new variant of the virus. But it remains unique among the major economies in having scope for faster growth, and there is a chance there will be more positive reforms despite the political difficulties and delays on the way.   D...