Special Report: India's election and its investment impact

SPECIAL REPORT: INDIAN ELECTIONS

After years of poor performance, emerging market investors are hopeful the Indian general election will result in a return to form for the country's stock market. Annabelle Williams reports.

India’s stock market has been among the most hated by emerging market investors. Concerns over slowing growth, a record current account deficit, and political corruption have led the NSE CNX to make a loss of 3.6% over two years to 18 March. This compares with the 21.0% return from the MSCI AC World index during the same period. Last summer was particularly tough for India’s economy, as the rupee crashed to record lows in August and the government was forced to intervene and prop up the currency. But sentiment has not always been so firmly against India. Prior to October 2010, the cou...