Indian Prime Minister Narendra Modi is in the U.S. pitching the country\u0027s prospects to the likes of Elon Musk and Ray Dalio. Read on.
“Investors agree that India is passing through a ‘Goldilocks’ phase,” Samiran Chakraborty and Baqar Zaidi, economists at Citigroup Inc., said in a note this week after meeting equity and fixed-income investors in London.
These attributes make the nation of 1.4 billion people stand out amid a slowing global economy, with its appeal burnished by China’s tepid post-pandemic recovery and its tensions with the West.Article content Still, there are risks on the horizon. A delayed arrival of monsoon rains, critical to inflation and growth, could derail India’s consumption recovery. Further, a sharp rebound in China — where equity valuations have become too cheap to ignore for some money managers — could hurt Indian stocks as they have been touted as one of the key beneficiaries of the rotation away from China.
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