Place your bets on India

The year 2011 was a really nasty one for the Indian equity markets, with the Nifty index down about 25 per cent, mid-cap indices down nearly 35 per cent — and in dollar terms India was the worst-performing market of 2011, down about 37 per cent. Everything that could have gone wrong in 2011 seemingly did. Investors began the year expecting GDP growth to clock near nine per cent; it will be near seven per cent.

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