With high GDP growth and a rapidly expanding industrial base, there is a lot of optimism about the Indian economy. And having passed China earlier this year as the world’s most populous nation, there is the potential for a “demographic dividend” to bolster that growth in the coming decades. Recently, three Harding Loevner colleagues traveled to India to talk to companies and see conditions on the ground for themselves. In the video series below, portfolio manager and analyst Jafar Rizvi and analysts Sean Contant and Chris Nealand discuss what they saw on their trip and their perspectives on India with portfolio specialist Apurva Schwartz.
Economic Advances and Hurdles
People haven’t been this bullish about India for 20 years, although there are reasons to question that enthusiasm.
Government’s Role
Governmental efforts to support industry and the country’s geopolitical positioning are boosting India’s attractiveness to companies.
Unique Spending Habits
Some of what makes India attractive are the unexpected or underappreciated investment opportunities.
Prices Warrant Patience
Investor patience will be required to purchase shares of high-quality companies at appropriate valuations.