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India Is Heartwood's Top Emerging Markets Pick

India has a big demographic story, which is among the reasons why it stands out for us, and why it is the largest single country overweight within our emerging markets (EM) equity allocation. Globally, India is one of the few large economies where working age population growth is still positive; you might call that its ‘demographic dividend’. With a growing and aspirational middle class, this bodes well for lifting future productivity rates and boosting consumption. Because of this, some estimates suggest that India’s nominal gross domestic product growth could double by the next decade. Another compelling reason for our positive stance...