Digitalisation to transform India’s growth

India’s monetary and fiscal policies are coming together to support India’s economic recovery, while digitalisation is driving transformational growth across multiple sectors, a recent market insight from Eastspring Investments finds. “We see opportunities in both new and old economy sectors and note that investors have historically been well rewarded for investing in India’s less obvious, off-benchmark stocks”, says Portfolio Manager Anand Gupta.

Digitalisation will be an important growth and earnings driver going forward, says Gupta. “In the last five years, India added 480 m internet users. Over the same period, data pricing fell by 98%, resulting in a 16-fold increase in data consumption per user.”

Digitalisation will bring about productivity gains, supporting economic growth for India, says Gupta.

Read the full insight on www.eastspring.com.