The biggest opportunity in equity investments is to look for companies that can compound their earnings over many years or even decades. We emphasize sustainability of growth over magnitude of growth.
The second Covid-19 wave is hitting India hard. However, the number of daily infections is declining noticeably in Mumbai and the vaccine program has already come a long way with an expected acceleration ahead.
India has historically struggled to unleash its potential. However, with prime minister Modi a series of important reforms have been implemented to realize this potential. With this background, we see India as one of the best investment stories of the coming decade.
Never in the history of modern India has there been more reforms enacted over a 4-year period than since Prime Minister Modi took charge in 2014. Some of the biggest initiatives that will define the future of the country for decades to come have been implemented over the last 48 months.