Disclosure – Non-substantive Research
This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. With this commentary, Kepler Partners LLP does not intend to influence your investment firm's behaviour.
India is one of the countries hit worst by the coronavirus crisis. In Q2 the country’s GDP fell 23.9%, which compares to an average of -6.9% for the OECD average and growth of 11% for China, following a 10% decline in Q1. India’s government has also definitively lost control of the virus itself. While other countries can at least claim to be restraining its spread (although that is contentious), India has been continuing with its national unlocking while cases rise rapidly (even if some states have imposed further restrictions). Unfortunately for India, some of the states most affected by the virus are economically very important: Maharashtra, Andhra Pradesh, Tamil Nadu and Karnataka. Below we consider what this means for a long-term investment in India.
Kepler Trust Intelligence provides research and information for professional and private investors. In order to ensure that we provide you with the right kind of content, and to ensure that the content we provide is compliant, you need to tell us what type of investor you are.Read the full article