Will India be the breakout emerging market this decade? 

INDIA is known as the market that has confounded optimists and pessimists alike. Could this be its decade to shine?

India’s significance as a rising global power came to light with its 77th Independence Day last month and Prime Minister Narendra Modi’s visit to the United States in June where he addressed Congress, met with high-profile business leaders and dined at the White House. From our recent travels around the country, we believe indications are pointing in the right direction: Corporate confidence is high, the economy is expanding at a decent clip, and technological innovation is leading to new areas of growth.

For a democracy of its size, the country has seen relative political stability over the past 10 years, allowing economic development to be a top priority. We believe that India is poised for a period of long-term growth, fuelled by significant expansion in direct and fixed-asset investment. Here are some of the key factors that make India appealing compared with other emerging markets.