Monday, August 30, 2010
Reflections on the week ending August 27, 2010
Advisor.ca published an article on August 26, 2010 entitled “Demographics favour Indian investments”.
http://www.advisor.ca/advisors/news/industrynews/article.jsp?content=20100826_145411_8124
The following is an excerpt from the article that I believe sums up one of the critical reasons we are investors in India:
"The most compelling story of India is its demographics; about 25% of the world's population under the age [of] 25 resides in India," says Cevey, pointing out that India's current middle class population of 330 million is expected to double over the next 10 years. "This should provide quite a substantial boost to consumer demand in a pretty sustained fashion, which we view as the main contributor to growth over the next five to 10 years."
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