Matthews Asia – India: What Makes It Unique?

India: What Makes It Unique? by Sunil Asnani, Matthews Asia The latest GDP figures of 7.3% year-over-year in India indicate growth is outpacing that of China, and affirms its spot as one of the world’s fastest-growing economies. With its vast population and the rapid changes taking place, some liken today’s India to China 20 years ago. We think this comparison is too shallow and does not tell the entire story. India’s evolution has been very different from the rest of the developing world. Here are five aspects unique to the Indian economy. India – Highly diversified equity market India offers…