I have a simple overarching belief that makes me joyfully average upward in the great businesses that I own. Over the coming decades, trillions of dollars are going to be added to India’s gross domestic product (GDP). The nation’s best-managed companies, with proven ability to scale up operations, will capture the bulk of this upcoming wealth creation boom in India’s stock market, assuming the market-cap-to-GDP ratio (also known as the “Buffett indicator”) approximates 100 percent over time.
