The ‘biggest turnaround story’ in emerging markets

India is taking it slow when it comes to growth, and it’s paying off. According to a new report from Nomura, India is the "biggest turnaround story" in emerging markets.
Unlike the "typical emerging markets boom-bust cycle," India has been focusing on long-term, gradual GDP growth. It’s a slower method, but it’s more sustainable — and it’s working.
The Nomura researchers expect India’s GDP growth to rise from 7.3% in 2015 to 7.8% in 2016, and then to 8.0%