Investment in India hits record high and expected to grow

It has been claimed that the developing market in India is expected to provide investors with many opportunities.

Arun Mehra, manager of the Fidelity India Focus fund recently said that India is changing and new trends are emerging all the time. Huge gas and oil fields have recently been discovered on the East coast which will have an impact on the rupee and imports.

Furthermore, the standard of living is changing, a growing amount of people are using credit cards and the internet and considering healthcare. Property development is also growing. Many more people are dining out and shopping in big department stores. Over the next 3 years, at least 71 million will join the working age demographic.

In addition, India has one of the youngest populations in the world, with at least 50% aged below 26.

Mr Mehra added that growth over the next decade is expected to continue and with new trends emerging, India is a good long term story for investors.

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