India holds promise as a place to invest. With the election of Narendra Modi as prime minister, a so called “modi” rally spurred indexes to increase as investors poured $8 billion into India’s equities. Improvements in infrastructure and the standard of living among residents will further increase growth. India Holds Appeal For Long-Term Investors (US News)
There was a landslide victory of Modi’s BJP (Bharatiya Janta Party) in India, see more on the Seeking Alpha article: India – The Week After The Party
For an investor seeking growth, international exposure, and has a long time horizon, investing in India may be the key. According to Tim’s article on Seeking Alpha: Time For Long-Term Investors To Look At India, there are indications that India has bottomed out in the stock market and is poised for growth due to economic reform, investment in infrastructure, and Modi leading India for growth.
This article was written in part by Prasoon Raghuwanshi, Head of Research at timmccarthy.com.