The major market in the world this year is India, says Forbes, and gives the following reasons to support its claim:
- It’s not fighting a “trade and immigration battle with the White House”
- It doesn’t have the “political soap operas like those seen in Brasilia and Moscow”
- Wall Street loves its 1.2 billion population
- It’s a “commodity importer like China, though not an autocratic society like it”
- Investors can buy India’s biggest companies, from banks to energy firms
- The “GST is a long-term positive for India”
- Tech savvy
“If you look across the countries the International Monetary Fund tracks across the globe, how many of them are growing over 7%? Iraq, Myanmar and India,” says Gaurav Sinha, an asset allocation strategist for New York based asset manager Wisdom Tree. “India is the only large country posting that kind of growth that is accessible for investors. There is a strong investment case in India,” he says.
