Thoughts
FromtheroadAhmedabad Wealth Management
India | February2024
Franceslim, AmanagingDirectoronTheglobal
Macro, BalanceShet, Andriskteam, Andirecently
TraveledtoindiaandwhereWemetwithavariety
OFCEOS, POLICYMAKERS, DealTeams, AndinVestors.henryh.mcveySurat Stock
WedISCUSSORFINGINMORLERLILINTHEADOFGLOBALMACRO
Assetallocation,
Piece, ButoursConClusareasFollows: CIOKKRBALANCESHEET
Henry.mcvey@
YTHEREARETWHYTHEINDIANDORMAINSAPOLOLORORNE.FIRST, iTHasa
Strong, domestically-driven, consumer-FocusDeConomythatisinflectingupWard,
BoostedBycompellingDemographicslinkedTothebestfiScalPlantHa
seeninoveradecadefromagoverningindianprimeminister.Second, thisCountry
IsstillanJoyingthebenefitsofglobalizationforbothThegoodSAndSANDSPARTSOF
iTSECONOMYATIMEVERALALALARGEASIANECONMIEEXPERIENCINGINGINGINGINGINGINGINGINGINGESLIM
thengativeIMPADOFLEADINALTINALTINALPONGINGINGLOBALBALBALMANGIRCTOR, Head
ofasiaPacificMacro
Supplychainfootprints.asaresult, WethinkThatindiaCouldRepResit 20%ORMOREJinnai Wealth Management
frances.lim@
OFTOTALINCREMENTALOBALGROWTHOVERTHENEXTFIVETOSEVEERS.
YCAPITALMARKETSCONDITIONSHAVESEASEDWLLLSINCEPANDemic, Includinga
morestablecurrency.inadDitionToincreasedForeigncapitalFlows, amoretargetedd
domStiCSAVINGSP
Varanasi Stock