Research

Why should investors care about corporate governance? Aren’t stock prices of companies driven by their products, people and market opportunity, which drive their revenue and profitability? Whilst some of these factors are direct relationships to a company’s share prices, each business needs to have the appropriate structure in place for making decisions.The rules, systems, process […]

Infrastructure bottlenecks are a common hindrance to doing business in India. Productivity suffers due to overstretched road, rails, ports and regular power outages. The current government under the leadership of Prime Minister Narendra Modi has identified infrastructure as one of its key areas for driving the economy and has stepped up spending in roads, railways

The Indian Rupee (INR) has origins back to 6th Century BC. More recently, India’s currency was on parity with the US Dollar at the point of its independence in 1947. Since then, external borrowings to finance welfare and development led to a devaluation of the Rupee.A fixed rate currency regime was put in place from 1948-1966

Consumerism can be defined as increasing consumption of goods and services being economically desirable. The belief being that increasing levels of spending, rather than saving, leads to a greater level of GDP. India has a significant opportunity in consumerism due to its demographic dividend and the emergence of its middle class as a consumer. In

The exciting story surrounding developing markets has been predominantly driven by the rise of two economic powerhouses, India and China.Both of these economies are the two fastest growing major economies in the world today which is expected to continue for at least the next decade, as forecasted by the IMF [1]. Whilst both countries share some

The hypothesis that locally domiciled Indian equity managers have greater insights into the microeconomic landscape for companies, via connectivity with local brokers, networks, and research needs to be tested.In this note, we seek to assess the performance of local India funds in comparison to foreign-based India funds. Most investors investing into India from overseas gain

Corruption exists in India and is a problem which adversely impacts its economy. In 2014 India ranked 85th out of175 countries in Transparency International’s Corruption Perceptions Index.This was an improvement from a ranking of 94th in 2013. However, India is not the only large economy which ranks highly in terms of corruption, given China ranked 80th in