abrdn New India Investment Trust: Structural growth themes persist

James Thom, lead portfolio manager of the abrdn New India Investment Trust (ANII), reflects on India's equity market following three years of strong performance through the end of 2024. He discusses the recent market pullback, the impact of policy and monetary shifts, and the broader global context - including trade tensions. Despite short-term pressures, he outlines the structural growth themes and domestic drivers that continue to support India’s long-term investment case.