Recession Fears See $85 Billion Fund Manager Bet on India Stocks
- GQG Partners has invested more than $7 billion in the country
- Strong local consumer demand makes India attractive: Murthy
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India is best positioned among emerging nations to withstand a global recession, as a thriving domestic market makes it less dependent on exports, according to US-based GQG Partners LLC.
The firm has more than $7 billion invested in India, where favorable demographics are driving local consumer demand, Sudarshan Murthy, a portfolio manager, said in an interview. GQG’s upbeat view on India bucks the nearly $30 billion exodus of foreign funds from the nation’s stock market this year.