It is thanks to a combination of factors that India is a "relative safe haven for equity investors," according to Jon Harrison, managing director for emerging markets macro strategy at research firm TS Lombard. "India is a relatively closed economy," he explained to CNBC, adding that the country was "less involved in regional supply chains than some of the more high-tech Asian economies." The World Bank puts India's export figure for 2017 at 18.9 percent, meaning that it is more cushioned from fluctuations in international trade flows than, say, China, South Korea and Vietnam.
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