All eyes on India

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Having spent time in the "economic and stockmarket wilderness", India is worth a second look according to the managers of J.P. Morgan's Luxembourg-registered India fund.

For those looking for value from emerging markets, the Indian economy is now beginning to turn heads once more. “The Indian government has made significant policy changes as GDP growth dipped to a decade low of 5% for 2013-14 (4.8% for the first quarter of 2013) compared with its 15-year average of 7.3% a year,” explains Rajendra Nair. “India had been suffering from political deadlock, which was having an adverse impact on the economy, with knock-on effects for Indian companies. We now feel an economic recovery is made more likely by the measures that have been undertaken thus far.” ...

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