Barrons.com
India Is the World’s Fastest-Growing Major Economy. 13 Ways to Invest, According to Our Roundtable Pros.
India, home to more than 1.4 billion people, has long been a country with great promise and owner-led businesses accustomed to generating large amounts of cash. Things are beginning to change, however, as global companies and investors reassess China’s growth prospects, Chinese leader Xi Jinping’s consolidation of power, and China’s increasingly fractious relationship with the U.S. At the same time, structural reforms in India, including a national identity program that has connected millions to financial services, and a tax overhaul that increased government revenue, are bringing the millions of Indians who had lived outside the formal economy into the fold, creating attractive investment opportunities. Barron’s first India roundtable, which took place in early November on Zoom, delves into India’s evolution as an economic and geopolitical power, how India differs from China, and why it could ride out a global recession relatively well.
