, Marc Faber Blog: Marc Faber: India to Grow Between 4 And 7% in Coming 10 Years

Saturday, April 29, 2017

Marc Faber: India to Grow Between 4 And 7% in Coming 10 Years

The market has altered downwards and we are in a purchasing range. It does not matter even if India develops at 5% or 7% per annum but if think about the coming 10 years, you could simply anticipate an economy that grows all over on an average between 4 and 7% per annum, which is very a high growth rate.

I assume that earnings ultimately track the “GDP growth”. Presently, the estimations in India are satisfactory. But I have one thing to add. Just couple of years back, indexing has gained the tag of “new trend” around the world. Ample amount of money is been invested in a submissive way in ETFs—who are interested in buying index.

If we consider 2016, a huge difference can be seen in the achievements of distinct sectors in the United States—the gold shares being the best performing sector. Apart from it, energy sector performed best while biotechnology performed the worst. The world is again shifting toward “stock pickers’ era” wherein people give their best performance provided they are in the appropriate sector.

In the present year, some of the stocks related to the commodity will be of high interest; specifically the stocks including gas and oil. I have observed agricultural, fertilizer, and plantation companies to be the most interesting sectors. They have noteworthy future as prices have been very uncertain for agricultural commodity since 2011. These agricultural commodity prices will thus lead the game and put behind others resulting in increasing prices.

So this is what Marc Faber has to say about Indian economy. What are your opinions regarding the same? Feel free to share your thoughts.