Articles
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In Modi's Wake
Thursday, 10/09/2014 15:35
Just how strong could India’s growth be with the new guy in charge…?
In THE WAKE of his rock star reception at Madison Square Garden last Sunday, India’s new prime minister Narendra Modi has emphatically announced to the United States’ top corporate and political leaders that hi country is open for business, writes Frank Holmes at US Global Investors.
Between September 26 and 30, Modi met with not only President Barack Obama and other high-profile politicians but also the CEOs of some of our nation’s largest and most successful companies: Google, Boeing, PepsiCo and General Electric, among others.
The only thing missing was a ribbon cutting ceremony.
Although US Global Investors typically doesn’t invest in India, the country has recently found itself in the driver’s seat of global resources demand and production. This is a tailwind for our Global Resources Fund (PSPFX), which maintains heavy exposure in the industries that India will increasingly need to support its more than 1.25 billion (and counting) citizens: oil and gas, chemicals, energy services and infrastructure, precious metals and food.
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