When most investors talk about emerging markets, they are really just talking about a sliver of what’s out there – the stocks with Western sell-side analysis, government bonds, currencies and not much else. But it’s just as hard to find good deals among well-known EM plays as it is in developed markets, and you also run the risk of hot money rushing out leaving you with a losing position and not much liquidity. To find real value, you have to dig deeper. Atyant Capital Advisors managing director Rahul Saraogi’s Investing in India: A Value Investor’s Guide to the Biggest Untapped…