The Canadian Investor
7 Rules From an Investing Legend
Feb 6, 2023
Terry Smith, investing legend, shares 7 investing lessons. They discuss the flywheel effect and the recent Fed increase. India's potential for growth and investment opportunities are highlighted. The speakers explore political risks in China and WhatsApp's popularity in India.
48:54
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Quick takeaways
- India's open economy, consistent GDP growth, and increasing FDI make it an attractive investment opportunity.
- India's emerging middle class, urbanization, and growing access to electricity contribute to its future growth prospects.
Deep dives
India's Economic Transformation Since 1991
In 1991, India opened its economy to the rest of the world, abolishing licensing for most businesses and implementing other reforms. Since then, India's GDP growth has been consistently above 4% and has reached as high as 8% in some years. Currently, India is the fifth largest economy in the world, with the potential to surpass China in the near future. The GDP per capita in India is around $2,200, indicating significant room for growth. Foreign direct investment (FDI) has been increasing in India, reaching a record high of nearly $84 billion in 2021-2022. These factors, along with the potential shift of production from China, make India an attractive investment opportunity.
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