Indian stocks are flat-to-down over the past 2 years:
I'm long several Indian ETFs: 2% INDA (large caps), 1% each SMIN and SCIF (small caps), and 1% Fairfax India (Prem Watsa's fund with interesting holdings, but very high fees).
Thursday, January 2, 2020
India
The news from India has been bad for the past few years. There was a painful demonitization in 2016. A GST in 2017. GDP growth has been falling the past year, and last quarter's 4.5% growth is one of the lowest in the past 25 years:
Source: Trading Economics
Indian stocks are flat-to-down over the past 2 years:
I think India is due for a cyclical rebound in the next few quarters. Helped by last September's fiscal stimulus, which should power their market for a few years like Trump's 2017 stimulus did.
I'm long several Indian ETFs: 2% INDA (large caps), 1% each SMIN and SCIF (small caps), and 1% Fairfax India (Prem Watsa's fund with interesting holdings, but very high fees).
Indian stocks are flat-to-down over the past 2 years:
I'm long several Indian ETFs: 2% INDA (large caps), 1% each SMIN and SCIF (small caps), and 1% Fairfax India (Prem Watsa's fund with interesting holdings, but very high fees).
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