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Kolkata, India in July.
Photographer: Anadolu Agency/Getty ImagesThis article is for subscribers only.
Money managers are navigating an historic shift: India’s population, at 1.43 billion, edged past China’s this year.
Now the world’s most populous country, India could experience a decades-long investment boom. Goldman Sachs Group Inc. analysts expect its share of global equity market capitalization to quadruple between now and 2075—reaching 12%, when it will be neck and neck with China’s. (Over that same period, the US share is projected to drop by half, to 22%.)