Indian market to continue growing, says expert

07 November 2007
The developing market in India is expected to provide investors with a number of opportunities, it has been claimed.

Arun Mehra, manager of the Fidelity India Focus fund, said that the Indian market has seen a sustained period of growth and over the next ten years this trend is set to continue.

According to the expert, as an asset class India is "here to stay", with the country's market drivers and growth trends both "diversified and long-term".

"With new trends emerging all the time, I believe India is a good long term story for investors," he remarked.

The firm noted that the country's economy has grown to be currently worth approximately $1 trillion from $32 billion at the start of the 1980s.

Last month, F&C's head of emerging market equities Jeff Chowdry suggested that the long-term investment prospects for India were "compelling".

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