By Phil Craig India is set to stabilise as the country develops into a service economy after four...
By Phil Craig India is set to stabilise as the country develops into a service economy after four strong years, in the view of Vijay Tohani, manager of First State's India Subcontinent fund. He is currently focusing on consumption, investment and outsourcing as the fund's long-term macro investment themes, with mobile telecoms and power companies among his favourite plays. Tohani is particularly enthusiastic about mobile communications firm Bharti, which accounts for 4.1% of his portfolio. "Analysts tend to underestimate the maximum level of mobile phone penetration," he said. Five ye...
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