India resilient despite future growth fears

Fidelity's India Focus fund manager remains optimistic in face of rising inflation

The Indian economy has shown remarkable resilience in the face of the global downturn, but investors are becoming concerned about future growth prospects as rising inflation leads to further monetary tightening. However, the manager of Fidelity’s India Focus fund Teera Chanpongsang remains optimistic the country’s structural growth opportunities can continue to drive attractive long-term stock-market returns. What has most helped performance over the past 12 months? The fund benefitted most from a positive stance towards consumer discretionary stocks. Domestic consumption grew stron...