In an interview with Bloomberg Television, Christopher Wood, the Global Head of Equity Strategy at Jefferies, an investment bank, said that India’s domestic consumption, investment in infra, and the resilience it displayed during the pandemic instills confidence in its future.
Despite the challenges such as inflation and rising oil prices, Wood was confident that India has the potential to emerge as the standout performer among emerging markets in the coming decade. “It remains my favorite among all the emerging markets. The market I want to be in Asia for the next 10 years is India,” he stated.
Wood also commended India’s digitization efforts in his newsletter, especially digital platforms such as Paytm, acknowledging their significant impact on the country’s economic landscape.
Furthermore, Wood highlighted India’s commitment to infrastructure development as a catalyst for economic growth and foreign capital infusion. “There’s a lot of foreign money coming into the country,” he said. The surge of foreign investment underscores India’s appeal on the global stage, he explained.
Additionally, he acknowledged the Indian government’s initiatives to facilitate foreign investment, particularly through privatization.