Top Asian market destinations right now are India, Brazil Indonesia and Qatar

India offers something unique and special to FIIs 


India stands out favourably among the emerging market basket according to BlackRock’s Dhiren Shah. "We compare India to other domestic driven economies, like Turkey, Brazil, Indonesia China, and India stands out very well for a number of reasons. On a multi-year view, we see India being able to sustain growth rates — real GDP level— at over 8%. This is amongst the highest, if not the highest, in emerging markets (EMs),” he pointed out.

Speaking to CNBC-TV18’s Udayan Mukherjee, Shah explained that the valuations in India are at premium of 18 times PE for the coming year to Emerging Markets. “In a world where growth is scarce, we believe that India offers something unique and special to global investors,” he said. 

Commenting on his sector bets, Shah said, “From hereon, the sectors that we see valuation support and more potential upside over the next 12-months are pharma and infrastructure.”

On infrastructure he said, “We see infra story panning over many years. There are a number of interesting opportunities to exploit.”

He also picked real estate as his top bet for 2011. “Real estate has not performed in last six months. We now expect sector to outperform going forward,” he stated.

BlackRock’s top Asian market destinations right now are India, Brazil Indonesia and Qatar.

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