By Ruzbeh Bacha Born and brought up in India, and now a British citizen, I keep a tab of developments and changes on the ground in India every time I visit. Visitors will be pleasantly surprised by the pace of development, yet less impressed with the increasing income inequality and wealth gap. I am going to focus on India as an investment opportunity and explain how the average investor outside of India can get exposure, and could generate a good return over the medium to long term. Since February, the Indian market has been advancing at a constant pace as Indian companies thrive under a more favourable investment climate locally and a lot of liquidity globally. The Indian Government has recently adopted a pro-investment stance when tackling economic issues, and has implemented many initiatives to improve investment accessibility in India and reduce economic burdens faced by companies operating in India. On June 20th, 2016, the government announced sweeping reforms to rules on Foreign Direct Investment (FDI), opening up its defence and civil aviation sectors to complete outside ownership and, for example, clearing the way for Apple to open stores in the country. This pro-investment stance has been emphasised repeatedly over the past year, as the government claims that it wishes to make the Indian economy "the most open in the world"… Click Here To Read The Full Story The Master Investor Market Report - The FTSE 100 closed the day at 6,665.63, a decrease of 35.27 points.
- The FTSE 250 fell 69.20 points to finish at 17,661.04.
- The FTSE All Share dropped 18.00 points to finish at 3,643.41.
- The FTSE AIM All Share ended the day at 801.65, up by 0.09 points.
Tim Steiner, CEO of Ocado (OCDO) said that the business faces sustained and continuing margin pressures as the size of the average order with the grocery delivery service shrank 3.4% to £107.94. Strong growth in average order numbers meant that group sales jumped 15.4% to £314 million, but analysts worried about how sustainable the momentum will be given that the company is yet to announce deals with any North American or Mainland European retailers. The shares fell by 13.66% to 278p. |
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