In India, Modi Makes His Pitch To Big Business, Wall Street

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In India, Modi Makes His Pitch To Big Business, Wall Street
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India's Prime Minister makes his investment pitch, but are companies and investors buying?

“We definitely like India long term,” says Julia Hermann, senior global strategy analyst, from Cartica Management. “It has probably the best structural tailwinds of any emerging market. There is a lot of room for infrastructure development which doesn’t exist in most big emerging markets.”

India’s stock market has experienced large swings due to the recent pandemic. This has subsequently led to many securities trading on the cheap. Yet, India has been the fastest growing economy in the world for some time as measured by GDP growth where it averaged 6.13% from 1950-2020. Besides China, it will be the only country to grow this year.... [+]Mint via Getty Images

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