Our Senior Investment Analyst, Daniel Billis, has recently returned from India where he met with approximately 40 companies in Mumbai, Chennai, and Delhi. His aim was to gain insight into the post-Covid economy and assess its current state.
India is currently experiencing cyclical tailwinds, with rural India expected to recover in the coming quarters, inflation peaking and the government increasing its infrastructure spending. Furthermore, the “Made in India” initiative is gaining momentum. Following our trip, we are increasingly convinced that the infrastructure and hospitality sectors, in particular, represent an underappreciated opportunity.
Dan’s trip to India has reinforced our belief in the country’s growth prospects, both in the near and long term.