On the sector side of things, Jain likes Indian banks, pharmaceuticals like Dr. Reddys ( RDY) and autos like Tata Motors ( TTM) based on growth adjusted valuations.
FORBES: A New Way Into India
2.
India's Dr. Reddy's Laboratories (nyse: RDY - news - people ) looks ready to bring a so-called branded generic version of Norvasc, Pfizer's best-selling hypertension medicine, to market.
FORBES: Pfizer's Next Move
3.
Generic drug makers like India's Ranbaxy Labs and Dr. Reddy's (nyse: RDY - news - people ) have at least tentative approval to sell the drug in the U.S. when Bayer's patent expires in 2003.
FORBES: Should Bayer Cut Prices To Protect A Patent?