According to a recent WSJ piece “India Aims to Shed Its ‘Fragile’ Label”:
“Money managers have
poured $16.5 billion into Indian stocks this year, the most of any developing
country tracked by the Institute of International Finance. India’s S&P BSE
Sensex has soared 35% this year, closing at a record 54 times in 2014.
…
India’s changing
fortunes illustrate how investors are eager to pile into countries that promise
to unlock faster growth, at a time when most developing markets are slowing and
wealthy economies are sluggish. The payoffs would be huge.”