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India’s Outlook Is Surprisingly Bright

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.