Country risk specialist Christine Shield explains why investors should treat tales of India's untapped opportunity with caution
India has long been seen as a land of opportunity - hugely populated, with favourable demographics, and with a long climb to lift many of its 1.4bn people out of poverty. Yet somehow it never quite reaches its full potential.
Will it now do so and finally overcome a host of structural shortcomings? Will its political ambivalence over the Ukraine war turn the west against it so that yet another opportunity is missed? Or will it be some mix of the two?
Here we explore the latest economic situation and attempt to look ahead into the medium and longer term.