Urbanisation is a story that plays out over decades. What is so special about urbanisation in India that we should take a one year or a two-year view on it and play it in the equity markets?
Actually with the urbanisation of India we expect at
around 2050, 700 million people will be moving to live in the cities of India
and that is actually quite an implication on the demand on infrastructure, real
estate and different kind of services.
Which sectors in India will you be the most bullish on at this point in time?
We are bullish on the financial services sector because at present in India, there is still a very low credit to the GDP and also mortgage loan to GDP ratio and there is an undersupply of the diversified financial services in that sector and so we believe there is a huge growth in this sector. Secondly, the infrastructure and the capital goods sector because we see projects accelerating and also because of the reform of the government, we are expecting the corporate capital expenditure, what we call capex will be growing and that will pose a huge prospect for that sector. Read More