Is this India's decade? Despite global market dislocations and challenging market conditions, India's outlook looks relatively cheerier than most economies. Its GDP forecast for 2023 was only slightly downgraded by 0.6% by the International Monetary Fund to 6.8%. While other agencies are also still painting an optimistic picture at 7% or lower.
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Foreign Institutional Investors (FIIs) have since started to shift their attention to India's markets. Just last month Asian Investor reported on how Canadian pension funds are making India a priority target, and according to reports, FIIs have invested US$5.81b into Indian shares in the September quarter, the highest since the quarter ended March 2021.
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We chat to Samit Vartak, CIO and Founder at SageOne Investment Managers and he shares more about the Indian market to date and answers questions about India's economy such as:
- What is the general outlook for the Indian Market?
- Why is India's mid-small cap market more attractive than the large-cap market?
- Which 3 sectors investors should keep an eye on?
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Haven't seen part 1? Watch the first video of this series here.
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