Is the time right for Indian equities?

Bhatia states looking back over the course of 2011, whatever could go wrong with the economy did go wrong for India. He cites soaring inflation, corruption scandals, and a government that went through periods of  “policy paralysis”.  However, Bhatia says that at the turn of the new year, India’s markets got off to a “stunning start”, surging ahead of the wider region by a strong margin. But then, just as the rally appeared to be too good to be true, it proved itself to be just that. Investors will be forgiven for looking at the recent performance of Indian equities and wondering wh...