Global Funds Loving India Again as Modi Proves His Reform Mettle

Updated on
  • Ashmore said it will increase India exposure if levy cleared
  • High stock valuations limiting upside in the near-term

Money managers including Ashmore Group Plc and Prudential International Investments Advisers LLC have a new rationale for an old favorite trade: Prime Minister Narendra Modi’s biggest legislative victory since taking office in 2014.

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