India Desk
Introduction
India is the world's largest democracy, with a population of 1.1 billion. It is a nuclear power, with an important seat at international institutions and an increasingly significant role in driving the global economy. India is among the top five economies on a PPP basis. Its per capita income is expected to triple in 10 years. Even the most conservative growth forecasts place India among the world's top five economies by 2025.
Drivers of growth in the next two decades:
- The cumulative effect of reforms on the micro-economy and
- Attractive demographics, with 54% of the population under the age of 25, leading to massive inflows into the labor force.
We broadly classify investment themes into following categories:
- India as a global sourcing hub (IT&ITES, Pharmaceuticals, Automotives & Automotive components)
- Infrastructure (Construction, Building Materials & Real Estate)
- Financial Services (Banking, Consumer Finance, Insurance & NBFC)
- Consumer Discretionary (Retail, Education Services, Leisure & Travel)
- Agriculture (Scope for scale economics & technology)
- Education (Highest in priority of discretionary spending)
In India we have an established LIPPER-STARMINE rated Institutional Equity Research team of 20 analysts who cover 17 sectors with 160 stocks under coverage, comprising 60% of total market capitalisation of the Indian bourses. We deal for both domestic and overseas institutions in Indian equities. It has been our constant endeavour to introduce quality Indian corporates to institutional investors across the globe. We have dedicated Indian equity sales desks in Singapore, Hong Kong and London.
