In­dia takes the spot­light in emerg­ing mar­kets

Financial Mirror (Cyprus) - - FRONT PAGE -

Obama’s timely visit comes in the wake of no­table progress in In­dia’s econ­omy. Modi has em­pha­sized fis­cal poli­cies since com­ing to of­fice and has strived to in­crease over­seas trade. He has also set out to re­duce po­lit­i­cal cor­rup­tion and bu­reau­cracy which have pre­vi­ously de­terred po­ten­tial in­vestors. The re­sult? The World Bank and In­ter­na­tional Mon­e­tary Fund have both es­ti­mated that In­dia will out­pace China as the world’s quick­est grow­ing econ­omy within just two years.

So while the emerg­ing economies may have yielded dis­ap­point­ing re­sults for the past three in four years, that doesn’t mean you should give up hope. On the con­trary, in­vestors could do well to take ad­van­tage of the cur­rent low stock and in­dex eval­u­a­tions. If the global econ­omy re­bounds, it looks likely that coun­tries like In­dia will lead the way in terms of eco­nomic growth. It may just take a lit­tle in­vestor con­fi­dence to get the ball rolling. Let’s see how strong the Obama ef­fect is.

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