Good market: A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE) in Mumbai. WisdomTree Investments Inc has recommended investors allocate as much as 20 of their portfolios to Indian equities. — Bloomberg
LONDON: As the threat of a trade war grows and emerging-market central banks sacrifice growth to protect their currencies, equity investors have their backs to the wall. But in their search for a haven, one name keeps cropping up: India.
The South Asian nation, the fastest-growing major economy in the world, enjoys relative insulation from external shocks as an booming middle class delivers enough domestic demand to counter the fallout from protectionism, according to money managers including Franklin Templeton and Newton Investment Management.
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