Key Points
The stock markets are at record highs, and most expect them to rise even higher...
This year, Indian debt will begin to be included in global bond indexes, starting with JPMorgan Chase & Co.s products in June, followed by the Bloomberg Emerging Market Local Currency Government Index from January 2025..
(Disclaimer: Bloomberg LP, the parent company of Bloomberg News, offers index products for various asset classes through Bloomberg Index Services Ltd.) And, when last quarters growth numbers were announced in the past fortnight, analysts were startled to see that the Indian economy had apparently grown at an annualized rate of 8.4%...
Yet, even if some investors and sell-side analysts are touting India as the best structural growth opportunity in emerging markets, if not the world, it is worth looking beyond the hype to the real reasons for some of these surging indicators, to judge whether Indias growth is assured in coming years...
We are in the middle of a years-long shift to the greater financialization of savings. As Indian households gain easier access to formal finance, they will put less of their wealth into gold or real estate and more into financial assets, whether bank deposits or stocks..
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