The India Fund: Still A Compelling Play On The 'GDP Growth Champion' [Seeking Alpha]
India Fund, Inc. (The) (IFN)
US:NYSE Investor Relations:
aberdeenifn.com
Company Research
Source: Seeking Alpha
Unlike most other listed alternatives, the abrdn-managed India Fund offers a unique mix of capital growth and distributions. Alongside the many other boxes it checks, the India Fund is well worth its premium. Consecutive quarters of above-consensus GDP growth puts India firmly in pole position to remain the fastest-growing major economy into 2024. Note that this has come against a weaker external backdrop, as well as significant monetary policy tightening throughout last year. If decelerating inflation prints are anything to go by, however, India could soon benefit from a central bank 'pivot', adding further legs to the near-term equity rally. As for the mid to long-term, the country remains well-placed to benefit from a wealth of growth drivers, including a capex upcycle digitization , and an increasingly formalized economy - on top of its structural 'demographic dividend' tailwind. All told, predictions of India emerging as the world's 'new GDP growth champion' and the #3 globa
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Sec Filings
- 4/18/24 - Form 8-K
- 4/18/24 - Form 424B2
- 4/12/24 - Form 3
- IFN's page on the SEC website