Investment in independent India is booming, expert states

Fri, 10 Aug 2007

Investment in India is continuing to grow after 60 years of independence for the country, an expert in the financial services industry has said.

Manager of the Indian Investment Company Sam Mahtani has stated that the outlook remains good for a long-term investor even though earnings are predicted to slow by 15 per cent towards the end of the year, with mobile telecoms an area expected to see "explosive growth".

"Although company valuations are quite high at 18 times forward earnings, the government's commitment to infrastructure spending and an increase in foreign direct investment should continue to support the economy and the markets," he remarked.

Mr Mahtani also predicts economic growth will moderate to seven or eight per cent per annum over the coming years. India is now on an equal footing with China and the Indian stock market has grown by 51.8 per cent annually over the past three years, he added.

Earlier in the week, Amy Nauiokas, the managing director and head of Barclays Stockbrokers noted that many investors are currently looking for opportunities in Asia and at traditional equity sectors.

add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

 

Investments Newsletter

Investments Newsletter