That bet is paying off. Indian stocks have fallen 0.8 per cent this week in their biggest drop since April.With stock prices near a four-decade high and the economy growing at the slowest in two years, some investors are questioning the sustainability of India’s rally. Yet, Marshall-Lee says gains from rising consumer demand, an economy emerging from a painful credit cycle and a surfeit of entrepreneur-driven companies are far from finished.He has three Indian companies in his top 10 stocks: Indiabulls Housing Finance, Maruti Suzuki India and ITC . Modi’s growth policies also include subsidies for affordable housing and an extension of banking to remote villages. The economy will expand 7.3 per cent in fiscal year 2018, 7.7 per cent in fiscal year 2019 and 7.7 per cent in fiscal year 2020, according to a survey conducted by Bloomberg News.

Source: Economic Times June 30, 2017 09:57 UTC