INSUBCONTINENT EXCLUSIVE:
By Selcuk GokolukAs the threat of a trade war grows and emerging-market central banks sacrifice growth to protect their currencies, equity
investors have their backs to the wall
But in their search for a haven, one name keeps cropping up: India.
The South Asian nation, the fastest-growing major economy in the world,
enjoys relative insulation from external shocks as an booming middle class delivers enough domestic demand to counter the fallout from
protectionism, according to money managers including Franklin Templeton and Newton Asset Management.
Exchange-traded fund house WisdomTree
Sinha, an asset-allocation strategist at WisdomTree, said in an interview in London
Since a global selloff began in January, equities have erased $274 billion, equivalent in value to the entire market of Finland
raised interest rates for the first time in four years last week, and Governor Urjit Patel has even gone as far as pleading with the Fed to
go slow with its interest-rate increases
With general elections less than 12 months away and Prime Minister Narendra Modi facing a united opposition, political uncertainty looms
When the dust settles, they say, the country will start to outperform again
And they have history on their side: India was quicker to rebound from the 2008 crisis, handing investors 70 percent greater returns than
The nation will become the third-largest consumer economy, with household spending tripling to $4 trillion by 2025, according to a report by
Boston Consulting Group last year
most other emerging markets
With almost two-thirds of GDP accounted for by consumption, companies have their hands full serving local demand
trillion stock market is primarily driven by investors at home
stock market is overcrowded
strategist at Newton Investment Management.
