India's 'superior' growth rate will continue

ON ASIA

Fidelity's Teera Chanpongsang explains why she is bullish on India despite concerns about growth inflation and monetary tightening.

India is often lost in the long shadow cast by China, but this vast nation should not be forgotten by investors in Asian equities. Concerns about the impact on growth of inflation and monetary tightening have restricted Indian equity returns so far this year. Foreign investors redeemed funds from many emerging markets, including India, to invest in the developed world where economic growth was showing signs of a recovery. However, this trend seems to have reversed since early March, given the stronger growth and economic fundamentals in Asia. This dynamic has helped Indian equities to...