5 September, Thursday, 2024
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India gave me my first ten bagger — investors, ignore the region at your peril

Might a trade deal with the world’s most populous democracy be among the first prizes won by our new prime minister, Rishi Sunak? I only ask because the collapse of talks to increase commerce between Britain and India was among the final failures of his ill-fated predecessor, Liz Truss.

To be fair, setbacks were flowing thick and fast for Truss by the time she dashed hopes of signing a deal before Diwali, the Hindu festival of light, last Monday. So this bit of bad news got next to no coverage in the UK.

But I noticed, because I have been investing in India for 26 years – and it was my very first ten-bagger (a share whose price went up ten times). Here and now,

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