The bright spot

India is the only EM offering growth and stability to global capital

In spite of considerable pessimism in many quarters, there is, in fact, a growing amount of evidence that India’s economy is on the mend. When viewed objectively, the fundamentals of the Indian economy are so distinctly sound that the country appears only passingly affected by the winds blowing through other emerging markets and developing economies. Many of its peers — such as Turkey or Brazil — are on the brink of crises, thanks to the rapid repatriation of capital upon the resumption of strong growth in the US and the US Federal Reserve’s schedule to finally tighten monetary policy. They