Analysis

India is future posterchild of emerging markets

The country’s stock market is on course to be the world’s third-largest yet makes up little more than 10% of EM indices, meanwhile its $2trn fixed income market remains virtually untapped

Jamie Gordon

India arch on beach

International capital markets have yet to scratch the surface of the world’s most populated country and fastest-growing multi-trillion-dollar economy, yet asset managers have the Indian “growth machine” firmly in their crosshairs.

One of the few economies to boast GDP growth averaging more than 5% a year for the past 20 years, India was the fastest-growing major economy in 2022 and is expected to keep this pace through 2023 and 2024, according to the IMF’s World Economic Outlook 2023...

This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.

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