119. Why the average Indian consumes 3.5 times as much data as the average Brit

There are a number of long-term structural growth themes in India. From a base of almost zero, the government has a target of having 100% electric vehicles by 2030, for example. And as the average Indian consumes three and a half times as much data as the average Brit, smartphone and internet opportunities abound. Mithran Sudhir, one of the managers of the Goldman Sachs India Equity Portfolio tells us about these themes, the reforms taking place in the country and more.
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Goldman Sachs India Equity Portfolio‘s objective is to capture the growth potential of the Indian economy. It is an ‘all-weather’ fund focused on investing in sound businesses of all sizes. Company meetings are a crucial part of its solid investment process, and the team’s ability to meet companies on the ground in India differentiates it from many in its peer group.

Read more about Goldman Sachs India Equity Portfolio

What’s covered in this podcast:

  • The three reasons why the Indian stock market has rebounded so quickly after the COVID crash [0:41]
  • The reforms taking place in India… [3:30]
  • …starting with the rationalisation of some 24 different labour laws [4:05]
  • …the looking at farm reforms and even avoiding jail time… [5:41]
  • …and finally the “Make in India” initiative [8:10]
  • The investment opportunities created by India’s growing middle class and significant millennial population [9:50]
  • How having some of the cheapest call and data rates in the world will accelerate smartphone and internet penetration [12:01]
  • How India is getting involved in a decarbonised world [13:36]
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