Overseas investors chasing higher returns can't ignore India, says Manulife

Foreign investors have pumped more than $11 billion into Indian equities this year on bets there will be political stability and more room for a majority government to push for economic reform

Overseas investors chasing higher returns can’t ignore India’s stocks as its economy ranks among the world’s strongest and bears the fruit of government-led reforms, according to Manulife Asset Management.
 

“As China faces uncertainty after the trade war, money now needs to find a market which is large and growing, and India is among them,” Rana Gupta, managing director of Indian equities at Manulife Asset Management Singapore Pte., said in an interview in Mumbai. “India’s adding a few trillion dollars to the economy and that’s how it obviously generates interest.”
 

Foreign investors have pumped more than $11 billion into Indian equities