In India, one of the most exciting growth stories in Asia is developing. According to Mirae Asset Global Investments, this is driven by superior demographics, a rising middle-class population, low household debt and a progressive government.
“While the devastating Covid-19 wave in 2020 and early 2021 took some sheen off India’s growth story, the economy is now slowly bouncing back on the back of prudent pandemic management by the government by virtue of localised lockdowns and a massive jump in daily vaccinations,” says Mirae Asset’s CIO Rahul Chadha. “India is well positioned for economic recovery, driven by negative real interest rates, robust forex reserves, and strong pent-up consumer demand.”
Read the full insight on www.am.miraeasset.eu.