India Investing: From Great to Merely Good

A strong rupee is putting a damper on exports, but domestic spending should give stocks a lift

Investors who barely thought of India five years ago piled into Indian stocks in 2007. The Sensex, the Bombay Stock Exchange's index of 30 top stocks, rose almost 40% over the year. The India story—China-class powerhouse, 9% GDP growth, expanding consumer class—was an easy sell for brokers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.