The Indian Market
Growth Opportunities in India
Pan Global currently has a particular focus on opportunities in India, where we believe the Company has superior growth opportunities. While India’s growth has declined along with other major emerging markets, management believes the India growth story remains intact: India is poised for high GDP growth that will be sustained for decades to come. The India growth story is frequently compared to China, which has sustained high (10%) annual growth for three decades (http://business.time.com/2013/04/28/the-real-reason-to-worry-about-china/), whereas India’s take-off growth began at a later stage – after the currency crisis of 1991 the Indian government undertook a series of pro-growth reforms that led to a jump in annual GDP growth from approximately 3...