India is currently the fastest growing economy with its GDP growth rate surpassing China in 2014*. We believe the country provides compelling opportunities due to a number of domestic drivers and macroeconomic tailwinds.
India's labour force growth is greater than other major economies and greater than China's by 8x. India has a staggering demographic advantage, which underpins domestic consumption and infrastructure investment.
SOEs have a propensity to serve purposes other than profit maximization. India has significantly less state-owned enterprise exposure in the benchmark, compared to China and AEJ/EM on average.
The sectoral mix is more diversified than that of other emerging markets.
India remains buoyant, bolstering its position as the leading destination for investment. Foreign Direct Investment and the capital market have continuously performed.
India replaced China as the top destination for Foreign Direct Investment* in 2015. Foreign Direct Investment is a key, debt-free driver of economic development and has been promoted by favorable government policy and a robust business environment.
In Emerging Markets (EM), India remains a bright spot amid a slowdown in the global economy. The Indian capital market has continuously outperformed China and other major capital markets across EM.
The GS India Equity Portfolio is designed to capture the growth potential of India's economy and deliver alpha using a bottom-up stock selection approach.
Our Portfolio has meaningful exposure to small and mid-cap companies and off-benchmark names.
Our local experienced research team conducts close to 4,000 management meetings a year.
The Portfolio has consistently outperformed and is ranked in the top 10% of its peer group on a rolling basis for the past 5 years.
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