David Cornell, manager of the closed-ended £120m Ocean Dial India Capital Growth fund, has said structural reform and technological revolution in India have led to a change in traditions and cultural behaviours, which in turn is having a positive impact on the country's economic climate and outlook for equities.
India's stockmarket was hit in Q1 following a combination of profit taking after a strong 2017 and the February proposal for a 10% tax on equities. However, many managers and analysts told Investment...
Comes in on 9 December 2019
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