A continuación os dejo información para los que quieran invertir en
India’s potential, we believe is one of long-term growth fuelled by
structural change, favorable demographics and rising consumer demand.
With an average GDP growth of over 6% in the last decade, India has
emerged as the 4th largest economy in purchasing power parity terms.
India’s economy is expected to be the third largest by 2032 (ranking
just after the United States and China) and to grow from US$900
billion (as of today) to US$28 trillion by 2050.
India’s foreign exchange reserves of over US$200 billion place it
in an elite club of nations. The composition of GDP has been rapidly
changing from Agriculture to Service Industry. From 1970 to 2004, the
share of agriculture in the GDP has declined from 46% to 22% and the
share of the services industry in GDP has increased from 38% to 56%.
India has embarked upon widespread de-regulation and a massive
program of capital expenditure and infrastructure spending. Trade
tariffs have been dismantled, foreign direct investment limits have
been increased in various sectors, and Capital markets have been
liberalized. Approximately, US$100 billion of capital expenditure and
infrastructure spending is expected to occur over the next 3-5 years.
The population of India is expected to exceed the population of
China by 2040. India has a very large workforce: approximately 50% of
India’s population is under the age of 25 and approximately 5% is
above the age of 64. It is estimated that the proportion of India’s
working age population will peak around 2020 when approximately 64% of
the country’s total population will be in the working age 15-60 years
of age. The work force is highly educated as there are approximately
250 universities, 1500 research institutions, and over 10,000 higher
education institutes in the country.
An increasingly affluent middle class of 350 million and changing
attitude towards borrowing among younger consumers is fuelling the
demand for consumer goods. The per capita income increased by 98% from
1992 to 2005. The middle class (defined as per capita income more than
US$3000) is expected to increase by 4 times over the next decade.
India provides a congenial investment climate with the world’s
largest democracy, a well-established and independent judicial system,
and freedom of press. India has abundantly available qualified and
competent human resources, a rich mineral base, agricultural surplus,
and a huge manufacturing capability spanning almost all sectors. The
consumer market is large and expanding exponentially. In terms of
potential, with its large-scale investment absorption capacity and
with economic fundamentals and momentum, India offers attractive
potential returns to prospective investors.
The emergence of India as a significant force on the global
economic stage, we believe offers investors outstanding potential for
long-term capital appreciation. While India clearly involves a higher
degree of investment risk relative to developed markets, it is widely
expected that the reform process in India initiated in the 1990s will
continue to support the country’s rapid growth. In addition, the
performance of Indian equities has a low correlation to the movements
of both developed and emerging markets. As a result, they represent an
opportunity to add a new dimension of diversification to investors’ portfolios.
There is more information on our websites. Our off-shore fund
for investors outside India is: