IN INDIA India investments (private equity, real estate, infrastructure) Loading... : Investor Sentiment and Bull/Bear Views

India is one of the best long-term growth stories; valuations are more reasonable after roughly $60 billion of selling, foreign flows could return, and he has been adding India exposure on the margin while flagging high oil/inflation and geopolitical risks.

Global markets are rotating away from crowded cap-weighted/U.S. AI leadership, and Sunny expects the rotation into markets such as India to continue; India is a regional bright spot, with a potential Iran truce and lower oil prices adding support.

Van Eck builds asset allocation around big 10-year trends, and India is one of his three. He says Modi's reforms are the biggest deregulation since China moved to a market economy. Two changes drive it. First, the economy has gone digital: mobile phones cost a couple of dollars a month and government ID is online, so a brokerage account can be opened online, with some firms opening a million accounts a month. Second, tax and rule changes removed distortions such as labor laws tied to headcount, alongside new bankruptcy laws and other steps. He has 'very high conviction' that India's economy will be the size of Europe's in 10 years. He also notes that major tech companies do real product work in India.