Why Growth Investors Can't Ignore India

There is no market over the next 20 years which offers more growth opportunities than India

Lex Hall 12 November, 2018 | 10:27AM

India emerging markets population growth urbanisation

Keys to this India investment story are population and purchasing power. By 2035, the UN projects India's population will have reached almost 1.6 billion, on its way to a peak of almost 1.7 billion by the early 2060s. India is the world’s third largest economy measured in purchasing power parity terms and, on some measures, will be the fastest growing large economy in the world in coming years.

As Australia's former chief diplomat Peter Varghese notes, since 1970, India's real GDP per capita has increased fivefold. Millions of people have been lifted out of poverty, and a consumer-class has emerged that, since household consumption accounts for 60 per cent of India’s GDP, is grounds for optimism.

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About Author

Lex Hall

Lex Hall  is Content Editor for Morningstar Australia

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