313. Investing in India's future: manufacturing, digitalisation, and market valuations

Mithran Sudhir, client portfolio manager of the Goldman Sachs India Equity Portfolio fund, explores the potential implications of Prime Minister Modi’s anticipated third term on Indian equities. We discuss the ongoing reforms in India's dynamic market, including the 'Make in India' initiative aimed at boosting the manufacturing sector and attracting foreign investment. This episode provides a comprehensive overview of the current state and future outlook of Indian equities, offering valuable insights for investors, while also addressing concerns about market valuations

What’s covered in this episode: 

• How do the Indian elections impact markets?
• What would a Prime Minister Modi win mean?
• What is the ‘Make in India’ programme?
• The increase in manufacturing in the country
• Increased opportunities in consumer discretionary and industrials
• Is the Indian stock market overvalued?
• The appeal of financials in India
• The digitalisation and formalisation of the Indian economy
• Why online payments boost the governments balance sheet
• The return of the retail investor in India
• Why almost half the portfolio is in SMID companies

More about the fund: 

Goldman Sachs India Equity Portfolio's objective is to capture the growth potential of the Indian economy. It is focused on investing in sound businesses of all sizes. Company meetings are a crucial part of the process, and the team's ability to meet companies on the ground in India differentiates it from many in its peer group.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.