India: Fresh Opportunities for Investors

Until a game-changing election on May 16, India had been a laggard among Asia's markets, which have been advancing at a fairly strong clip since earlier this year. The victory of a coalition led by a recharged Congress Party, which won 262 of 543 legislative seats, brings the promise of long-awaited economic reforms, reduced corruption, and a younger, more vigorous leadership. The news drove the Indian equity benchmark Sensitive Index, or Sensex, up 17.3% on May 18 and has people taking a closer look at investment opportunities on the subcontinent.

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