INVSTR TOPIC: INDIA ECONOMY

by | Apr 6, 2016

The Economy of India is seen as one of the growth engines of the world. In this video Lea Jakobiak speaks to expert on India’s economic performance and looks at what the future may hold.

Video Transcript

LEA JAKOBIAK (Reporter, invstr): When it comes to emerging markets, China gets most of the attention but let me introduce you to India the world seventh largest economy. Its economy is actually growing faster than China’s economy.

MANISH SINGH (Crossbridge Capital): I believe that India is probably 18 months away from one of the largest rally you’re going to see.

SANDEEP DINGHRA (CEO, Fact Entry) The demand is astronomical there. I think it’s larger than China because its a democracy. So, in a way you could dwell up and be evolving in any direction without any problem.

India is the world’s seventh largest economy with a population over 1.2 billion people. It’s GDP growth is at 7.3 percent and over half of the workforce works in agriculture.

LEA JAKOBIAK (Reporter, invstr): Prime Minister Modi took office in 2014 and his government has been praised for some of the economic improvement.

MANISH SINGH (Crossbridge Capital): So Modi came on that wave of really delivering economic reform and growth. Partly he has delivered because if you keep looking at big-ticket reform in terms of land acquisition bill and GST well then you will miss out other key points of smaller reform that Prime Minister Modi is doing

SANDEEP DINGHRA (CEO, Fact Entry) I think Modi’s is really a capable man, I think in a lot of ways because I think he’s shown he is very charming and very clear about his views of India going digital which is a huge challenge in an economy of that scale.

LEA JAKOBIAK (Reporter, invstr): But the government has also been accused of making statistical manipulations when it comes to the growth figures making it appear much better than it actually is.

SANDEEP DINGHRA (CEO, Fact Entry): I would say the transparency is not that great in India. That is one of the biggest challenge. We do a lot of work with the financial markets there and the challenge is  if you want the information it’s always something which will be provided to rather than you being able to kind of say “hey I can break it down and I can draw the lines on it.” So I think that that is a challenge and I think it’s changing. I think the regulators are making an effort

MANISH SINGH (Crossbridge Capital): I disagree with that because you know  it’s not something that they have done and they haven’t told the market. I mean they have come out and said that this is our our data from the past this is how we are going to restate it. And there’s nothing wrong in that because you know market knows. So if market doesn’t believe this number they should go back and still use the old number and readjust the the data. So I don’t think it’s wrong I mean they have said that you know the the data the the GDP data in the past was not capturing everything there was about in an economy and they have just reformed the data and they did it openly.

LEA JAKOBIAK (Reporter, invstr): And even though things are getting better there’s still a long way to go.

SANDEEP DINGHRA (CEO, Fact Entry): They won’t look at the GDP numbers and say, “Hey its growth is fantastic.” But I don’t think it’s growing in terms of the job growth or in terms of the value which will allow the societies to prosper. You can see a very siloed growth and plus I think that plus when the oil prices are down. Iit helps an economy where all the most of the oil is imported.

LEA JAKOBIAK (Reporter, invstr): So overall India is a market that has huge potential moving forward so watch this space.

Want to learn more about the markets and how to become a better investor?

Download the Invstr App now.

ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

Download on the App Store           Download on Google Play

ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

Share This