India's surging stocks are attracting investors - but at what price?

Whenever I get asked which asset class, sector or region is the most likely to deliver strong, long-term growth to investors, India is never too far from my mind. Arguably the most stable emerging market economy, it has gone from strength to strength for the best part of a decade following the appointment of Narendra Modi and his government. A number of progressive steps have been made during his tenure including the likes of the goods and services tax and the Indian Bankruptcy code.  I've spoken to many an Indian fund manager who, perhaps unsurprisingly, are quick to tell you that if...