India's growth story here to stay for next 10 to 15 years: Aditya Shah
«India is now a growth market. We are coming out of a phase from 2018 to 2022 when the economy was not really growing. Now, with the help of government's impetus on infrastructure, on manufacturing, the economy is picking up,» says Aditya Shah, Founder, Hercules Advisors.Typically investors look at stocks that are going to give them high returns over a short period of time and this is typically what the story would have been in midcap stocks but certainly in recent times, the kind of decline that we have seen in the midcap universe over a span of five years, that trend is reversing especially with foreign investors. They have this added interest despite the kind of premium valuations in that universe. Why do you think this is happening?It is very simple.
India is now a growth market. We are coming out of a phase from 2018 to 2022 when the economy was not really growing. Now, with the help of government's impetus on infrastructure, on manufacturing, the economy is picking up.
Today, we have seen Apple's contract manufacturer Foxconn has started its manufacturing of iPhones in India and this is just the start. A lot of companies across sectors like chemicals, like pharma, like manufacturing per se, like auto manufacturing, all of them are coming to India and slowly and steadily, growth will come to India and that is what the investors are really betting on. Over the next 10 years, India’s time has come to the fore as.
With China's growth slacking, investors are even more betting on India. The growth story of India is here to stay at least for the next 10 to 15 years.But what you are saying is in general something that you have held on as a view for a long period of time about the Indian markets in general. But why are they
. Read more on economictimes.indiatimes.com
