Buy Indian Cars With Tata Motors (TTM)
August 12, 2010 at 13:08 PM EDT
In the emerging markets arena, India frequently plays second-fiddle to China. India is the second-largest country in the world by population. It’s also growing fast, but not as fast as China. Investors should not be deceived by the statistics: India offers plenty of opportunities. The government wants to see annual economic growth top 10%; if that goal were reached and maintained, India’s economy would double in nine years and in 16 years be as big as China is now, according to a recent report in the Hindustan Times. That’s good stuff. Additionally, in the near-term, a report released earlier this week by Kotak Mahindra Old Mutual Life Insurance says Indian stocks will rise another 15% to a record high by March 2011. Which individual Indian equities are poised to benefit? …