billion reasons to invest in India
IN all the hype surrounding China’s emergence
as an economic superpower, India can sometimes
appear relegated to the sidelines. Yet India,
too, is a budding superpower in its own right.
Its gross domestic product (GDP) has expanded
from £16 billion in 1980 to £500
billion today, and its economy is now the fourth
biggest in the world, in terms of purchasing
rapid annual growth rate of more than 7 per
cent is reflected in the performance of funds
investing in the country. Since its launch in
2004, Fidelity’s India Focus fund has
produced a return of 246 per cent for investors.
But even this impressive showing is eclipsed
by JPMorgan’s Indian investment trust,
which has returned an extraordinary 735 per
cent over five years.
month the Indian Government, concerned about
the dangers of a market “bubble”,
stepped in to limit the amount of money that
foreign investors can feed into the market,
triggering a sharp correction in share prices.