![]() It’s also the world’s largest democracy and has an independent judiciary. This is a big opportunity.”īestinvest’s Mr Hollands is also a fan and points to India’s long-term investment prospects: “India has a very compelling demographic profile. So, too, is the formalisation of the country’s economy as it becomes less rural. Urbanisation and the growing middle classes, a similar story to other countries across Asia, are key themes. Why invest in India?īen Yearsley, investment director at Shore Financial Planning, says he’s been an investor in India for upwards of 15 years: “It’s a fascinating market with lots of innovative companies. Jason Hollands, managing director at Bestinvest, says: “As China has lurched in an increasingly hard-line direction under President Xi, and persisted with its ‘Zero COVID’ policy, India looks set to be a major beneficiary as companies seek to diversify their manufacturing supply chains”. With US-Sino tensions high and growing, and the West’s desire to ‘decouple’ its supply chains from China, India may be one of the countries that benefits.” “India may also be able to chip away at China’s position as a leading nation for technology manufacturing. That compares very favourably to advanced economies, expected to grow by under 2% each year, and even China, once the world’s growth engine, that’s expected to grow by under 5% annually. He says: “IMF projections extending out to 2027 expect the Indian economy to grow between 6% and 7% each year. Given its economic standing, Marcus Weyerer, senior ETF investment strategist at Franklin Templeton, says that India is “too big to be ignored by investors”. Last year, the country overtook the UK to become the world’s fifth largest economy. This was quite a statement given that, just a year earlier, the country had succumbed to a second coronavirus wave that had resulted in India’s death toll swelling to the second largest in the world behind the United States. Last month, for example, the International Monetary Fund (IMF) singled-out India saying it “deserved to be called a bright spot on an otherwise dark horizon” and describing it as “a fast-growing economy even during these difficult times”. The term acknowledged that the engines driving world growth at the start of the millennium had begun to shift away from mature, developed economies in the West to countries whose power bases had only just started to emerge.īric eventually became ‘Brics’ with South Africa making up the quintet.Īlthough Brics economies have not produced the stellar returns that were expected two decades ago, commentators point to India as the one that remains the most compelling for investors. The acronym Bric, denoting Brazil, Russia, India and China, was coined 20 years ago by Jim O’Neill, then chief economist of investment bank Goldman Sachs. Your capital is at risk What’s the case for investing in India? You should always check with the product provider to ensure that information provided is the most up to date. While we work hard to provide accurate and up to date information at the time of publication that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. These “affiliate links” may generate income for our site when you click on them. Second, we also include links to advertisers’ offers in some of our articles. This site does not include all companies or products available within the market. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This comes from two main sources.įirst, we provide paid placements to advertisers to present their offers. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective.
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