Indian prosperity set to continue - F&C

India recorded a 7% average annual economic growth rate over the past five years (9.4% in the 2006/07 fiscal year) and its stockmarket climbed 431% in that time. By comparison, China experienced a 172% stock price rise, while the USA and UK moved up about 60%. Speaking on the 60th anniversary of Indian independence, Sam Mahtani, F&C’s Indian Investment Company manager, says the country’s growing prosperity will continue. “In the decades following independence, growth remained at around 5%,” he says. “But the government’s decision in the 1990’s to proactively target growth by aggressivel...