Why India is a preferred destination amid turmoil in emerging markets

Mumbai's $2.2 trillion stock market is primarily driven by investors at home

As the threat of a trade war grows and emerging-market central banks sacrifice growth to protect their currencies, equity investors have their backs to the wall. But in their search for a haven, one name keeps cropping up: India.
 

The South Asian nation, the fastest-growing major economy in the world, enjoys relative insulation from external shocks as a booming middle class delivers enough domestic demand to counter the fallout from protectionism, according to money managers including Franklin Templeton and Newton Asset Management.
 

Exchange-traded fund house WisdomTree Investments Inc. goes a step further, recommending investors allocate as much as 20 per