David Park, co-manager of the €1.2bn Carmignac Emergents fund with Xavier Hovasse, has said despite India's "huge potential" he is concerned about its fragile currency and the potential for volatility ahead of next year's general election, which makes the country a difficult investment case.
Speaking at the company's annual media event last month, Park said he is most concerned about the impact of external factors on the country over the next 12 months, such as volatile oil prices and inflation....
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