The ruling Congress party staged a huge rally over the weekend to defend recent reforms and build support for more foreign investment in retail and insurance. Just last week the Premier, Manmohan Singh, replaced members in his cabinet to reach the younger electorate and restore credibility to a government that has been racked by widespread corruption. Elections in India are held every five years and are scheduled next for 2014.
While many other Indian equities have a large, concentrated exposure to either the slowing developing countries or their own domestic economy (INDY, quote), Tata Motors (TTM, quote) offers investors access to the Indian economy without the problems plaguing other stocks thanks to its global diversification.
Questionable euphoria in U.S. stock markets on Friday aided the BRICS emerging markets to aggressively about face and claim significant gains.
Since the advent of deregulation in the Indian airline sector, aviation companies have been plagued by a lack of consistent profitability due to an inhospitable operating environment. Now the industry is in dire straits as a result of excessive competition, government interference, inadequate infrastructure, poor management, and rising fuel prices.