A ETF expert suggests that India is an ideal emerging market for investors.
An ETF expert believes that India could be the ideal location for emerging market investment.
This week, on CNBC's "ETF Edge," Kevin Carter, the founder and chief investment officer of EMQQ Global, stated that India's population demographics, expanding economy, and technology-focused policies make the country an attractive investment opportunity.
The government is a democracy that supports technology, and the talent pool is unmatched globally, making it the ideal emerging market.
Carter emphasized the importance of India's technology investments, specifically in the context of the India Internet & Ecommerce ETF (INQQ).
Carter stated that the Jio Bharat smartphone, launched this year, aims to bridge the connectivity gap between India's rural and urban populations. He added, "The smartphone is bringing those billions of consumers online for the first time, along with $12 super computers."
According to Carter, the financial system in a country of more than one billion people is being revolutionized.
They have enabled approximately 800 million individuals to open a digital bank account using only their fingerprints and eye, and also facilitated about 500 million new smartphone subscriptions. As a result, they have brought everyone into the financial system and have done so in a technological manner.
The INQQ ETF of Carter concentrates on Indian e-commerce and internet firms, aiming to drive growth in the country's digital economy. According to the fund's website, as of Dec. 22, its top investment is Reliance Industries, the conglomerate behind the $12 billion smartphone craze.
Carter remarked that no other country globally possesses a comprehensive digital infrastructure for their entire economy like the one they have.
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