The MSCI India index gained 6% for the year and thereby underperformed emerging markets in general by almost 10%. It was a year when large companies did well and material underperformance by both mid and small size/cap companies. This can be illustrated by another...
The main event during the quarter was the election and the unexpected outsized win of prime minister Modi. The new budget was presented and a continuation of promises made in his first 5 year chapter may be continued. In a land with almost 1.3 billion people, a...
The main event during the quarter was the election and the unexpected outsized win of prime minister Modi. The new budget was presented and a continuation of promises made in his first 5-year chapter may be continued. In a land with almost 1.3 billion people, a...
India posted strong outperformance in March as foreign investors invested over USD 5 bn into Indian equities, the largest monthly buying since early 2017, resulting in the rupee strengthening 2%. Expectations for a potentially stable government changed it all after...
The government began 2018 with a lot of credibilities but Prime Minister Modi has lost a bit of momentum on the way. We saw the key commodity for India, the crude oil, trade all over the place during the year, hitting a high of 86. A crude price above 70 is bad for...
The price of oil has increased 23% this year while the Indian currency, the rupee, has lost 14%. The combined effect has hit the economy hard. India’s monthly goods and service tax (GST) collections have been a bit below the budgeted expectations and have left little...
