It's big, and only getting bigger
India’s a bit like the elephants that frequent its forests: a force to be reckoned with. The nation has been independent for little more than 70 years, and in that time it’s bounced back from the colonial experience with aplomb. India is now one of the world’s biggest economies – and that unstoppable growth means plenty of opportunities for investors.
What’s the story so far? Way back in the 18th century, India was the biggest economy in the world – accounting for a quarter of global output. But the collapse of the Mughal Empire and the British takeover brought things crashing down: by the time the Brits left in 1947, India represented just 3% of the world’s economy.
That harrowing experience led to the country closing itself off. India adopted a protectionist trade policy, prevent
Limited introductory offer
Get full access to daily stories, insights, deep-dives, interviews, podcasts, and more
Have an account? Log in
Big Tech kept downsizing, with Amazon nixing another 9,000 jobs
JPMorgan’s leading the charge to save First Republic Bank – but not out of pure generosity
With all this volatility, you may want to write that useful old adage down.