2024-03-15 18:00:00 ET
Summary
- The Indian economy, yet again, has outdone investor expectations with growth up by 8.4% in the third quarter of the 2024 financial year, marking the fastest pace seen in six quarters.
- EPI's strategy represents the broadest possible cross-section of investable and profitable Indian companies.
- India appears well-cushioned against external vulnerabilities and is positioned favorably within global equity allocations.
By Aneeka Gupta
The Indian economy, yet again, has outdone investor expectations with growth up by 8.4% in the third quarter of the 2024 financial year, 1 marking the fastest pace seen in six quarters. During the quarter, manufacturing (which accounts for 17% of the economy) posted the highest growth at 11.6% year on year (YOY), while agriculture (15% of the economy) remained a drag at -0.8% YOY as a result of uneven rain. 2 The services sector remained resilient, posting an increase of 7% YOY. 2 ...
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Indian Equities Remain A Bright Spot In Global Equity Allocations