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June 16, 2006
Hedge Fund Managers Look to India
The steep fall in the Indian stock market over the past month not withstanding, hedge fund managers are expressing interest in the stocks of Indian small and medium businesses (SMBs) in the consumer, technology, and infrastructure sectors that have the potential to become blue-chip firms. India’s growing economy, proposed government spending on infrastructure, strong local demand, and the ability of Indian companies to generate high returns - all these factors turned the spotlight on India as a possible investment haven, at the Indian hedge fund event organized by Jetfin Events earlier this week in Geneva. Hindustan Times reports:
India is expected to account for around 15 per cent of world gross domestic product by 2025 from around 2 per cent now. A recent McKinsey report said India's growing market for consumer goods could reach $400 billion by 2010 from around $250 billion in 2003. That would make it one of the world's five biggest retail markets.
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