India Managers Focus on Consumer Story

A slowdown in India has dampened investor enthusiasm for the country, but value investors are looking for opportunities

Holly Black 19 September, 2019 | 9:15AM

Mumbai, India

A slowdown in India has dampened investors’ appetite for the country, but fund managers insist now is the time to get involved.

India started to catch the attention of investors when Prime Minister Modi was first elected in 2014, promising to bring with him widespread reform. Indeed, he delivered on his pledge: clamping down on black market money, introducing a single country-wide sales tax, and ramping up spending on infrastructure. But uncertainty over whether he would win a second term of office in May’s elections put the brakes on the soaring success that India funds had enjoyed.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aberdeen New India Ord330.00 GBX-5.17
India Capital Growth Ord35.30 GBX-5.99

About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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