Ride India's growth engine

Many countries would kill to be in China's place in the early 2000s. It was a time of an economic boom like no other. Rapid, large-scale infrastructure development and massive fiscal firepower for manufacturing helped the dragon nation become 'the world's factory'. Home to nearly one-third of global manufacturing today, it is still decisively holding the title. India, although a little late to the party, hopes to change that. And meaningful policy action is beginning to show results. Public money is being ploughed in infrastructure more than ever, making capital goods the largest beneficiaries. It explains the colossal gains investors have made in them lately and the party is far from over. The sector, whose machinery and equipment runs everything from roads, power grids, telecom towers, transport to housing, is now a stand-in for economic strength. And investors have got time on their side to gain from the yearlong structural story set to play out from here. We tell you how to profit from the boom.