Asia`s third-largest economy is closing out the year with a bang as cheap oil boosts its fiscal position and investors cheer Prime Minister Modi`s pro-business reforms, making Indian markets one of the world`s best performing hedge fund strategies this year , according to Hedge Fund Research (HFR). The renewed confidence is crucial to India maintaining its status as the current favorite among emerging markets.
“From the Indian perspective, how China manages the readjustment of its economy and how secure South Asia remains will be two major determinants that will influence world affairs in 2015,” warned Mumbai-based think tank Gateway House this week.