India recorded year on year GDP growth of 7.8% in Q3.

India has been one of the fastest growing major economies this year. India recorded year on year GDP growth of 7.8% in Q3. India’s robust economy has high foreign exchange reserves, manageable debt to GDP levels and well contained fiscal deficits. This means that the country is in a strong and stable position and can absorb external shocks.

The latest PMI data shows a positive trend in both manufacturing and service sector activity. This is driven by the continued improvements in export demand.

India’s equities are trading at high values with PE ratios that match the USA and not emerging markets. With valuations at developed world levels good stock selection within funds in vital.

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