16 June, 2011
India. Population 1.2 billion, half of whom are under 35, rising household incomes and a growing educated middle class living in a stable democracy. Just some of the facts we picked up yesterday at a fascinating talk organised by the Chartered Institute for Securities and Investment about investing in the sub-continent. The talk was given by Deepak Lalwani OBE who is - pardon the pun - something of a guru on the Indian market.
Mr. Lalwani was at pains to point out some of the problems which still dog the country, such as 800m people living on less than $2 a day, poor infrastructure, widespread state corruption as well as geo-political risks and security issues.
Despite this, growth is extremely fast. For example, 20m new mobile phones are being registered every month. It took India over sixty years until 2008 to reach the first trillion US Dollars of GDP, $2 trillion is expected by 2015. The economic potential is huge.
The best way to invest in India is probably via collective funds from the likes of JP Morgan, HSBC or Fidelity or directly into the dozen or so Indian companies listed on AIM. There may be a few bumps in the road ahead for India but, for those investors who don’t know much about this high growth market, take a look.
Disclaimer: The views expressed in our blog are those of the individual and not the firm. They do not represent investment advice and should not be construed as an offer to buy or sell any specific securities.
No comments:
Post a Comment