Is India Really The World’s Most Attractive Economy For Investors?

Two years ago, India was an unhappy member of Morgan Stanley’s “Fragile Five,” a handful of emerging economies judged most vulnerable to tighter Federal Reserve policy and rising global bond yields.

Since then, India’s oil bill has dropped, inflation has eased, gold imports have been curtailed, the trade deficit has narrowed -- and in last year’s national elections, Narendra Modi’s Bharatiya Janata Party (BJP) romped to victory, becoming the first single party to win a majority in the lower house of parliament for 30 years.

The International Monetary Fund (IMF) reported that India's economy is expected to grow by 7.5 percent this fiscal year (which ends March 2016), faster than China over a similar period. This article takes a look at India's economy today and why it should be on investors' radar.