Quartz reports: Five years ago when North American investors would think about putting their money in the BRIC economies, India was towards the bottom of that list. But now Asia’s third largest economy is attracting much more money—and investors are becoming increasingly bullish.
Between December 2014 and January 2015, JP Morgan surveyed 30 investment professionals in North American firms that together have $1.6 trillion in equity assets. Overwhelmingly these professionals viewed India positively for investment.
Responses for the most attractive sectors in India over the next 12-18 months were:
Financials – 43%
Industrials – 37 %
Consumer Goods and Services – 33%
Technology – 27%
Healthcare – 13%
One of the least attractive sectors polled was the technology sector, which, being export-oriented, depended on the fluctuations of the rupee. With the new government’s efforts to reduce bureaucracy and corruption and streamline regulatory governance, the clime to doing business in India is becoming increasingly more positive.
