Emerging Markets are nations whose economies are transitioning or have recently transitioned from heavy state control to economic policies that are more market-oriented. These countries are often very attractive to outside investors. This is the case of India.
India celebrated its freedom from the British Empire. Mahatma Gandhi was the father of independence. His economic ideal was a simple India of self-sufficient villages. Pandhit Nehru, the first prime minister, wanted to industrialize and combine British parliamentary democracy with Soviet-style central planning. …
