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Is India really a worthwhile investment?
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bwanakuba
Posted: 24 September 2010 08:56:54(UTC)
#11

Joined: 19/06/2009(UTC)
Posts: 24
For Ines.........

Evaluate the extent of squalor in proportion to the population number
With all the facilities and infrastructure and welfare state people in
the West keep moaning and groaning.In India even the most poor
sleeps well at night accepting God's will Just wait and watch.
Poverty is no where nearer to what it was some years ago.India
is full of do-gooders as also the selfish lot.
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Dennis .
Posted: 24 September 2010 09:02:25(UTC)
#12

Joined: 26/12/2007(UTC)
Posts: 1,017
According to yesterday's Financial Times, 40 years ago India and China had roughly the same GDP. Now China's is three times bigger!
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David Johnstone
Posted: 24 September 2010 16:17:46(UTC)
#13

Joined: 03/07/2009(UTC)
Posts: 28
M&G Global Basics fund is worth a look. Heavily orientated towards established world beating companies doing well out of the Indian, Brazilian and Chinese development.

I personally would shy away from direct Indian investment as I remain to be convinced corruption is not endemic in the Indian and Pakistan cultures.

The Pakistan cricket situation and the Delhi Commonwealth games both illustrate a lack of governmnet intervention to ensure such things do not happen. Worries linger over the corruption at senior political and industrial level in both countries.
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Steve123
Posted: 27 September 2010 13:29:12(UTC)
#14

Joined: 25/09/2010(UTC)
Posts: 92
Alot of large UK organisations are outsourcing their IT facilities to India. That level of belief in the ability and talent of the graduates there makes me think that it is an emerging country whose shares will rise significantly over the next decade, relative to those of developed nations.
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David Johnstone
Posted: 27 September 2010 13:48:40(UTC)
#15

Joined: 03/07/2009(UTC)
Posts: 28
Steve 123 - and quite a few Financial Service sector companies are withdrawing from India having tried it and been disappointed by the poor service levels. Cultural misunderstanding has caused unexpected problems in the insurance sector and has caused certain large UK insurers to withdraw /scale down Indian call centre operations. Also the fraud issue is a major concern with Indian call centres. Barclays are having serious fraud problems with personal information and bank account info being sold by Indian call centre staff for fraudulent purposes.

As for share prices rising, that is debatable if shares are issued in different classes with only certain individuals / corporate bodies eligible for 'A'shares' for example.

Direct Indian investment is not a one way street to investment performance. It is still a very immature investment proposition carrying large risks.
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