Mondrian Investment Partners (Mondrian), manager of the Lincoln Far East Fund and the Lincoln Emerging Markets Trust, remains positive about India's long-term growth potential, despite believing the stockmarket is overpriced.
Bob Akester, fund manager of the Lincoln Emerging Markets fund, said: “India’s economy is expected to grow by at least 7% this year but it could do even better with increased spending on infrastructure. Unfortunately, India’s debt to gross domestic product ratio is already very high by international standards at 82% and it continues to rise, making it hard to finance the necessary infrastructure spending.”
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