India is not the new China, but the emerging superpower could 'enjoy some very high growth years,' said Riedel Research Group.
India is not the new China, but the emerging superpower could "enjoy some very high growth years," said Riedel Research Group.
"[I'm] very, very bullish on India — they are doing all the right things and have a very high chance to outperform expectations in the next six to 24 months," David Riedel, CEO of the equity research and analysis firm, told CNBC in an e-mail. According to Riedel, India is successfully maneuvering the middle income growth trap with a number of instruments in their toolbox, such as the monetization and digitization of their economy, as well as a change in their tax structure.where growing economies stagnate at middle-income levels and are unable to advance to the ranks of high-income countries.
"This is really the decade and expansion of Indian financial services," Manish Chokhani, director of Enam Holdings, told CNBC's "Street Signs Asia" on Thursday.
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