Double down on India, but don’t overlook Vietnam—a hidden investment gem, says Jim Walker

macroeconomic stability, highlighting the country’s policy certainty and structural improvements over the past three decades.

At the same time, he sees significant potential in Vietnam’s rapidly evolving economy, making it a compelling investment destination for long-term growth.

India: The Time to Go ‘Much-Much Longer’

Walker believes that India’s current policy environment is the best it has been in 30 years, with stability across monetary, fiscal, and exchange rate policies. “I said this in a report that went out yesterday to our clients, that India looks better to me now than at any time in the last 30 years in terms of policy stability and policy certainty,” he stated.

He credits India’s authorities for successfully stabilizing the macroeconomic framework, which provides a strong foundation for future growth. However, the next critical phase involves microeconomic reforms. “The thing that they need to address now, and it is very-very clear that the government understands this, is deregulation, ease of doing business, cutting red tape, and allowing small and medium-sized companies much freer rein to grow the economy and their labor forces,” he added.

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Despite concerns over high stock market valuations, Walker is optimistic about India’s long-term growth trajectory. “This is the time to absolutely double down on the long in India, go much-much longer. Although we worry about the valuations in the Indian stock market, my view is that economic growth is going to take off from here, and those