India becomes No 1 destination in emerging markets for investment, China left behind

New Delhi: In yet another sign of economic consolidation, India has surpassed China to become the Number 1 sought-after destination among emerging markets for investments. These findings were released in a study, conducted by Invesco Global Sovereign Asset Management.

The study took into account views from about 142 chief investment officers, heads of asset classes along with several portfolio strategists from as many as 85 sovereign wealth funds and 57 central banks.

According to the report, the factors which make India an attractive investment destination are its fast growing demography, friendly environment for sovereign investors and more.

The report found that several emerging markets are recording a rise in perceived fixed-income attractiveness, including Brazil.

India is now the #1 emerging market to invest in, according to 85 sovereign wealth funds and 57 central banks representing $21T in assets.https://t.co/fp7h3YYoQx pic.twitter.com/3iNVvWk2LW

— Balaji (@balajis) July 10, 2023

It claimed that countries like Mexico & Brazil are also emerging as popular emerging markets on back of increased foreign corporate investment, driven by both domestic and international demand.

The report further elaborates on the gold and bond markets and concludes that they would emerge as reliable assets in times to come.

According to the report, more than 85% of 85 sovereign wealth funds and 57 central banks agreed that inflation would be ‘worrying factor’ in next decade and such scenario would make gold & emerging market bonds, good investment bets.