Bemoaning the absence of growth opportunities is a particularly Western-focused preoccupation.
The tech-driven global growth story of recent years has diminished dramatically over 2022, in the aftermath of distortions fuelled by the pandemic. But the binary approach to growth versus value discussed by many investors fails to acknowledge the nuances and diversification within growth-focused businesses. A diversity that is certainly evident in India. In India, unlike more developed economies, growth stories exist in a cross-section of sectors, including banks, specialist medical services providers, retailers and hotels. More ‘conventional' tech-focused businesses can also be cons...
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