India’s advantage over other emerging markets

Investment winners in the years ahead are likely to come from economies increasing their share of global GDP through supply chain wins, demographic tailwinds and some local demand drivers. For Mugunthan Siva from India Avenue Investment Management, India has just that, making it an ideal investment candidate in an environment where inflation and interest rates are likely to remain higher than levels seen in recent decades. He says India will slowly make the journey from $2000 GDP per capita towards being a consumption economy, noting the similar journey China went through over the last two decades. “Buying the urban consumption will benefit,” he says.