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India is now the #1 emerging market to invest in, according to 85 sovereign wealth funds and 57 central banks representing $21 Trillion in assets!

VkdIndian said:
Quite a few. The list is very long.

Even the best performing small cap MFs have given a return of >20% (annualised) over last 20 years. Many scrips have grown multiple times.

Anyone with a perspective of 5-7 years would make killer returns.


They wouldn’t. Because they are corrupt and think of only themselves.
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fully agree but the one possibility, is self preservation at some stage which is sad again.
 
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Fish said:
Hardly surprising. India is a very poor country, even by South Asian standards.

India's poverty rate is a staggering 84% and that means there are literally well over a billion people living below the poverty line who would be more than willing to work in sweatshops for peanuts, to fuel the ever-growing western consumerism.

If someone think that's somehow going to make things easier for the poor, they're sorely mistaken. You'll only see more billionaires popping up in India. After all, there are almost a thousand billionaires in China!

Speaking of which, China has a poverty rate of just 13% and even Pakistan has a "fairly" decent ~25% poverty rate, though that's subject to change due to crushing economic challenges.

So yeah, that leaves the field wide open for India. In modern times, "business opportunity" is another way of saying "human exploitation." It's all about saving nickels and dimes to turn millions into billions.
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But what's wrong with that? Something is better than nothing. It will increase the incomes of poor people albeit little.
 
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CallSignMaverick said:
I don't think so this is limited to a few cities, like Hyderabad too is building greenfield Central Business Districts like Neopolis I guess in the outskirts of Hyderabad to make sure it doesn't further congest existing city.


Delhi did that by diverting growth to Gurugram and Noida, to such an extent that Delhi itself ended up being a failure in generating tech jobs and everything went to Noida and Gurugram. Only legacy centres opened by MNCs decades ago exist today in Delhi and just a few million square feet offices being built at NSP Pitampura.

Mumbai built Navi Mumbai on top of existing Thane and beyond, NM is such a delight to live in.


Biggest offender is Bangalore not having new greenfield satellite cities, unplanned rapid expansion is only making the city more and more unlivabe.

Chandigarh, Panchkula, Mohali, Bhubaneswar, Gandhinagar, New Town, Noida, Navi Mumbai etc were all built from scratch.
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I meant completely new - away from all existing cities. That is badly required. Because if you expand Mumbai into Navi mumbai - it will eventually merge due to natural expansion and urbanization
 
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SQ8 said:
I meant completely new - away from all existing cities. That is badly required. Because if you expand Mumbai into Navi mumbai - it will eventually merge due to natural expansion and urbanization
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Navi Mumbai is a new city, it doesn't share a border with Mumbai island city. Other than that I get your point. But building new cities itself is difficult hence newer ones are built close to existing ones.
 
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Abu Dhabi Investment Authority (ADIA) will set up its presence in Gujarat International Finance Tec-City (GIFT City).

ADIA to set up its presence in GIFT City Gujarat; PM Modi, President of UAE appreciates the plan - DeshGujarat

Gandhinagar: United Arab Emirates (UAE) based Abu Dhabi Investment Authority (ADIA) will set up its presence in Gujarat International Finance Tec-City (GIFT City). This announcement
deshgujarat.com

Capegemini is now setting up a new 500-seat office in Gujarat International Finance Tec-City (GIFT City) and building modernized infrastructure at the Talwade campus in Pune, which will be expanded multifold upon completion.
www.capgemini.com

Capgemini’s continued commitment to India

FacebookTwitterLinkedin Mumbai, July 13, 2023 – On the occasion of Prime Minister Narendra Modi’s visit to Paris, Capgemini reaffirms its commitment to
www.capgemini.com www.capgemini.com
 
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Why Singapore's GIC Is Bullish About India?​

Over 20 years up to March 2022, GIC Portfolio's annualised nominal return was 7 per cent, and real (above global inflation) return was 4.2 per cent per year​


1672899060_mbSefH_Myths_and_Facts_about_Singapore_.jpg


10July, 2023by BW Online Bureau


Singapore's GIC is gradually ramping up its investments in India and is set to grow its technology portfolio in the country due its growing importance as an innovation hub.

GIC manages Singapore government's financial assets and has a long impressive track record of consistent profits. Over 20 years up to March 2022, GIC Portfolio's annualised nominal return was 7 per cent, and real (above global inflation) return was 4.2 per cent per year. Many investors pay attention to GIC's strategy to set the direction for their investments.
According to SWFI (Sovereign Wealth Fund Institute), GIC manages almost of USD 700 billion worth of assets placing it sixth on the global sovereign wealth fund leader board. Only the Kuwait and Abu Dhabi government investment funds, a couple of Chinese funds and the Norwegian Government Pension Fund outrank it in size.
Established in 1981, GIC has been investing in India since the 1990s and opened an office in Mumbai in 2010.
Over the years, GIC has made investments in India in several sectors including financial services, IT services, real estate, infrastructure, healthcare, and consumer goods. In selecting its investment targets, it favours technology-driven businesses.
Recently it has accelerated its investment activity in India.
In May this year, GIC announced that together with Brookfield India REIT, they will acquire two large commercial assets (totalling 6.5 million square feet) from Brookfield Asset Management's private real estate funds in an equal partnership. The acquisition includes commercial properties in Brookfield's Downtown Powai, Mumbai and Candor TechSpace, Sector 48, Gurugram (G1), for a combined enterprise value of USD 1.4 billion. This marks the first-of-its-kind partnership in India between a listed REIT and a global institutional investor.
As of the end of September 2021, filings made to the Bombay Stock Exchange (BSE) revealed that GIC raised its holding in the Indian public markets to USD 14.8 billion.
In 2021, the Singapore sovereign wealth fund bought five new stocks and increased the weight in 13 companies, including Tata Steel, Bharti Airtel and Reliance Industries. GIC increased its Indian public holdings five-fold in five years to become the largest state-owned Investor in the BSE.
In November 2020, GIC said that it will establish an India dedicated public market fund. The fund is the first dedicated pool of capital for domestic equities set up by a large global financial institution. It was reported that GIC plans to allocate USD three billion to the fund. It is expected that the fund will help global funds deploy more money into mid-cap equities.
Since 2017 when GIC formed its Tech Investment Group (TIG), which is incorporated into its private equity division, private equity under its management has seen strong growth. As of end-March 2022, private equity made up 17 per cent of the fund's portfolio.
In an interview with Singapore's Straits Times, Choo Yong Cheen, GIC's chief investment officer for private equity said last week that India has a growing population with increasing discretionary income and pervasive digitalisation trends. He added that this spurs the birth of new players and innovation, while keeping incumbents on their toes, in turn driving efficiency in the system.
As India digitalises rapidly, GIC sees positive trends such as progress in payments and digital lending.
In April 2021, GIC was the lead investor in Indian fintech payments firm Razorpay in a funding round which took the startup's valuation to USD three billion. The other venture firms that participated in that round which reportedly raised USD 160 million were Sequoia Capital, Ribbit Capital and Matrix Partners.
As India eased its foreign investment rules and as overseas investors begin to see its long-term growth potential, the country is turning into an important destination for global institutional investors like GIC. Foreign direct investment (FDI) flows and the role of private investment have risen as more sectors open up and restructuring efforts continue.
Further, the domestic stock market has performed strongly over the last 25 years with rupee returns of 13.5 per cent CAGR (compound annual growth rate) and US dollar returns of 10.1 per cent CAGR.
Since the beginning of this year, India's equity markets have been booming and have reached record highs. India's benchmark Sensex index, which tracks 30 large companies, has climbed 6.7 per cent since the beginning of the year whereas the Nifty 50 index has gained 6.2 per cent. The Nifty 50 index has delivered positive returns for seven consecutive years (2016-2022), with the last instance of negative returns occurring in 2015.
Mark Matthews, Singapore-based analyst from Bank Julius Baer, expressed regret for not being optimistic about India in the past. However, he has now become bullish on the Indian markets. In an interview with CNBC earlier this month, Matthews points out three key reasons for his newfound optimism.
Firstly, he highlights the Indian government's establishment of a strong economic foundation, which recent developments have built upon. Secondly, the corporate sector has successfully reduced its debt while the non-performing assets of public sector banks have been effectively addressed, contributing to a healthier and more resilient economic environment.
Thirdly, with China losing its status as the preferred market in Asia, India has been attracting capital inflows as investors shift away from the middle kingdom.
"I wasn't always a bull on India and I regret that. However, I am now bullish on India. I think the Indian market can go higher."

 
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