For many years, India has been somewhat of an afterthought for many asset allocators. Unlike China, which saw its meteoric growth coupled with a rapid increase in its weight in global stock market indices (and hence the asset allocation benchmarks used by large institutions), the Indian market has often been seen as too small and illiquid to warrant serious attention. While it became common place to appoint a dedicated China specialist, when it came to India, allocators were generally satisfied with a Global Emerging Markets manager purchasing a few well-followed stocks.
In this update, Venkat Pasupuleti and Siva Thiravidamony discuss the increasing investability of the Indian market and make the case for a dedicated Indian allocation. Read the piece here.