A tale of two CIOs: Ashburton's Schiessl and Mirae's Chadha on the challenges of investing in India

Both agree urbanisation to provide significant boost

Jonathan Schiessl, CIO and manager of the India Equity Opportunities fund at Ashburton, and Rahul Chadha, co-CIO of Mirae Asset Management, have highlighted the biggest risks of investing in Asia's second largest economy.

According to the International Monetary Fund's World Economic Outlook report from April, India is the fastest growing major economy in the world, with an expected GDP growth rate of 7.2% in 2017 and 7.7% in 2018. The country's powerful reform agenda has also helped power its equity markets, with the Sensex index up 15.8% year-to-date.  But although many investors see India's burgeoning young workforce as one of the most compelling reasons to invest in the country, Chadha said in order to take advantage of this dynamic the government had to create jobs. Eastspring's Gupta: India has...