The Investment Opportunity
Everyone thinks they know about the Indian economy – crappy infrastructure, corruption, bureaucracy and antiquated institutions but with a massively growing middle class. Well, that is the narrative and has been for the last 15 years.
But that phase is over and no one noticed. So few people in the investment community or even Silicon Valley are even vaguely aware of what has happened in India and that has created an enormous investment opportunity.
The future for India is massive technological advancement, a higher trend rate of GDP and more tax revenues. Tax revenues will fund infrastructure – ports, roads, rail and healthcare. Technology will increase agricultural productivity, online services and manufacturing productivity.
Telecom, banking, insurance and online retailing will boom, as will the tech sector.
Nothing in India will be the same again.
FDI is already exploding and will rise massively in the years ahead as technology giants and others pour into India to take advantage of the opportunity...
I am long the telecom sector (Bharti)...
And I am long the Nifty Banks Index...
I think India is going to offer an entire world of opportunity going forward. If I can sum up, it's in this one chart: the Sensex in USD. It looks explosive for the next 10 years.