India’s Outlook Is Surprisingly Bright
India’s central bank has further tightening to do, but the economy looks as though it can handle it. Stock investors, too, should consider taking a look: The South Asian country is well placed to handle a global slowdown next year, as long as rebounding global oil prices don’t play the spoiler. The Reserve Bank of India delivered a 0.35 percentage point interest-rate increase on Wednesday, lower than its previous four increases.