India is the third best equity market for investment opportunities, reveals a CFA Institute survey called ‘‘Global Market sentiment survey 2015’.
The survey covered all 5,259 CFA Institute members globally. Of these, 143 respondents were from India.
Around 8.9% members worldwide consider India as the third best equity market for investment opportunities. USA (33.5%) and China (9.3%) rank first and second respectively.
Based on the predictions and indicative markets, the survey says that India could be one of the strongest economies in the world. Healthy inflows in Indian equity market is one of the reasons for optimism surrounding Indian markets globally. Experts believe that inflows in Indian equity market will increase because of growing investor education programs.
The survey also shows that there will be a considerable growth in GDP in the global as well local markets. In India, respondents expect 5.8% GDP growth in 2015.
87% of CFA Institute members in India indicated that political stability will have the most positive impact on the Indian market. Another 28% members feel that increased focus on job creation and increasing consumption will have the biggest positive impact on the Indian economy.
Biggest risks
According to the survey, 44% of Indian members feel weak market economies can be one of the major reasons for the biggest risks in the global markets. “Overall, 51% of CFA Institute members forecast that the effect on energy prices caused by global unrest in Ukraine and the Middle East will negatively impact their local markets,” finds the survey.
Indian CFA members have predicted that the Indian markets will go up by the end of 2015.
