“Adventures do occur, but not punctually,” writes E.M. Forster in A Passage to India. In other words, exciting things happen in India, but a little patience is required. In recent years, however, it seems events have sped up in the Asian subcontinent, and that’s fueling a stock market rally.
Government reforms initiated a few years ago have finally started to pay off. The changes, plus a rebound in economic activity, have lifted India’s stocks.
The MSCI…
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