Franklin Templeton India equities CIO: consumption plays key

Sukumar Rajah, equities CIO of Franklin Templeton India, is focusing on India's consumption story as...

Sukumar Rajah, equities CIO of Franklin Templeton India, is focusing on India's consumption story as a long-term theme. Having identified attractive valuations in the consumer staples sector of the Indian market, Rajah believes consumption plays will drive the long-term performance of the Franklin India fund, to which he is a sub-adviser, as household consumption is set to almost triple in the next 16 years. He explains the changing demographic profile of India and the expected improvement in income levels could fuel the demand for a range of goods and services which will benefit many c...