Kevin Carter, the Founder and Chief Investment Officer (CIO) of EMQQ Global, believes that investing outside the U.S. continues to offer strong opportunities. His firm manages two major exchange-traded funds (ETFs): the Emerging Markets Internet ETF and the India Internet ETF. Both funds focus on internet and e-commerce companies operating in developing markets.
Mixed Performance, but Long-Term Confidence
While the Emerging Markets Internet ETF has surged by nearly 35% so far this year, the India Internet ETF has slipped by about 3%. Despite this short-term dip, Carter remains highly confident about India’s long-term growth prospects. He believes that the structural fundamentals of the Indian economy remain strong and that the digital transformation across sectors will continue to unlock opportunities for investors.
India’s Market Growth and Economic Strength
India’s benchmark index, the NSE Nifty 50, has underperformed compared to U.S. markets this year, gaining only 5%. However, looking at a broader time frame, the Nifty 50 has delivered a remarkable 118% growth over the past five years. This steady rise highlights the resilience of the Indian economy and investor confidence in its long-term trajectory.
Carter notes that India’s massive population, expanding middle class, and young workforce are key drivers of growth. With rising income levels and rapid urbanization, India is witnessing a consumption boom similar to the one China experienced in the early 2000s. This trend is fueling demand across e-commerce, digital payments, and internet-based services—sectors that EMQQ Global’s ETFs actively invest in.
IMF Forecast: India Among Fastest-Growing Economies
According to the International Monetary Fund (IMF), India’s GDP is projected to grow by 6.2% in 2025, keeping it among the fastest-growing major economies in the world. This consistent growth outlook further reinforces investor optimism about India’s potential to deliver sustainable returns over the long term.
Recently, India also surpassed Japan to become the world’s fourth-largest economy, a major milestone that strengthens its position as a global growth leader. With its strong macroeconomic fundamentals, digital innovation, and supportive policy environment, India continues to attract global investors looking for long-term opportunities in emerging markets.
BlackRock Strategist Optimistic on India, Advises Gold & Bitcoin Hedges
Ben Powell, BlackRock’s Chief Investment Strategist for the Middle East and Asia-Pacific, is positive on Indian equities despite global caution. He cited India’s strong macroeconomy, low inflation, and the potential for Reserve Bank of India rate cuts as key factors supporting equity growth. Powell also noted that global investor hesitancy could create opportunities for the market.
AI-driven trends, according to Powell, continue to provide momentum for equities, even amid uncertainties like a possible US government shutdown. For diversification, he suggested investing in hard assets like copper, which benefit from AI and electrification trends.
Powell further recommended gold and Bitcoin as hedges against market volatility. He highlighted that Bitcoin recently hit $125,000 and suggested that a 2% allocation could be reasonable for well-diversified portfolios.
Conclusion
Kevin Carter’s outlook on India reflects a broader sentiment among global investors—short-term volatility may occur, but India’s growth story remains intact. As the country continues to expand its digital and consumer markets, it is well-positioned to remain one of the most promising investment destinations in the coming decade.
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