India is now growing faster than all other major economies across the globe, up 7.6% for the year ended in March. With that growth, investment capital flows to India have increased as well, amounting to $4.1 billion in March and an additional $1.5 billion since April 1st. Many analysts credit Prime Minister Modi’s policies of opening up larger segments of the economy, like railways and defense, for the acceleration in growth. “We continue to believe that India could be the next driver for international growth,” said Frank Beck, President of Beck Capital Management. “Once we get past the market volatility leading up to the Brexit vote on June 23, we’ll be looking to add positions to gain more exposure to India” said Beck. For the full story on improving Indian economic growth, click here.
