India takes hit but gets ready to ride the imminent recovery wave

Sector leaders key to country's return to 'normality'

India houses more than 17% of the global population with a median age of just 28 years and is on track to become the world's third-largest economy by 2027.

We have long followed this trend, backing quality stocks in low penetration, large addressable markets such as banking, healthcare and discretionary consumption that tend to prosper as young, vast populations become wealthier. However, as with most areas of the global economy, the coronavirus pandemic has led to short-term disruption in our area of focus this year. Amid the market chaos, herd investing rooted in the belief that Covid-19-19 would permanently impair the nation's economic progress has seen many of its domestic growth sectors take a large hit. Nevertheless, we believe ...