India is a dynamic and transforming economy. Since India’s pursuit of economic liberalization starting in the early 90s, India has yielded rapid growth and is now an important economic power, on track to become a top-five global economy by 2030. Excel India Fund recognized the opportunity early and has produced an impressive 12.3% in compounded returns over the last 10 years. Our partnership with Birla Sun Life has given us firsthand insight and expertise in the flourishing nation. Their rigorous and thorough nature in systematic research has made them one of India’s best in terms of return performance.
Today, the Indian economy is set for a monumental leap. A largely young population, a growing middle class, mounting domestic consumption and education levels have put the Indian economy on a roll. Indications are that, India will overtake China as the fastest growing economy by 2015. The Indian government has been keen on loosening policies in order to embrace the economic growth. With tariffs and tax rates slashed, government control in many sectors dismantled and monopolies undone in many sectors, India holds immense opportunities. Confidence level in the region is very high with 125 Fortune 500 companies having their R&D centres in India. Excel Funds believes that India is poised for a cyclical upturn and favourable policies along with positive economic indicators makes the region one of the most attractive areas to invest in.