Date: 24th November 2023 | Publication: Ausbiz
How to Invest in India in 2024
Kenneth Andrade of Old Bridge Capital Management offers his insights into the Indian economy, along with prospects for the India 2030 fund. Kenneth observes the Indian economy’s ability to maintain steady interest rates despite global inflation trends, resulting in a positive parity with the rest of the world. Further, he hints at signs of economic maturity due to the nation’s cost of capital and its per capita income growth.
Kenneth also talks about India’s growth potential, particularly in the services sector, ranging from engineering and IT to pharmaceuticals and R&D. Despite comparison with China’s manufacturing prowess, he believes India’s strength lies in dominating global services.
