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India is an interesting place for investors
because of demographics, urbanization, premiumisation.
So I think it's a really exciting time
to be investing in India now.
You've got huge amount of economic activity.
You've got a massive infrastructure boom.
But more importantly than that, you've
got 100 million new consumers coming
into the middle class, which means
you're going to see a lot more in terms of purchasing, buying
of new products, premiumization.
I think that's the real long term
opportunity for the economy.
So one of the key misconceptions about India
is clearly around its valuation and the valuation premium
you're asked to pay for it.
For us, as investors, actually we
don't see that in the same way.
We see it as an attractive opportunity,
even with that valuation premium, given the long term
growth opportunity and the high quality of corporates
you find in that market.
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