India, the world’s fifth-largest economy, has rebounded very strongly as COVID-related restrictions have eased; a fact that Gaurav Narain, India Capital Growth’s (IGC’s) investment adviser, believes has caught many observers by surprise. The key indicators suggest further recovery from here. India’s purchasing managers index (PMI) was 56.3 for November – a number above 50 points to an expanding economy. Gaurav says that recent results have generally surprised positively.
15 Dec 2020
A win-win scenario
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
A win-win scenario
India Capital Growth Fund Limited (IGC:LON) | 162 -1.6 (-0.6%) | Mkt Cap: 141.4m
- Published:
15 Dec 2020 -
Author:
James Carthew | Matthew Read | Shonil Chande -
Pages:
29
India, the world’s fifth-largest economy, has rebounded very strongly as COVID-related restrictions have eased; a fact that Gaurav Narain, India Capital Growth’s (IGC’s) investment adviser, believes has caught many observers by surprise. The key indicators suggest further recovery from here. India’s purchasing managers index (PMI) was 56.3 for November – a number above 50 points to an expanding economy. Gaurav says that recent results have generally surprised positively.