India’s attractiveness as an investment, especially relative to other choices, has grown to the point that it is worthy of a targeted allocation.
India’s stock market is entering a virtuous cycle where policy reforms will lower inflation and make the country friendlier to business. The recent sharp decline in commodity prices has acted as a catalyst by lowering inflationary pressure. The reforms and lower commodity prices will push inflation lower, allowing interest rates to drop—making more projects economically viable…