Grant Thornton: International and Emerging Markets Blog

India’s economy - Uncertain times

Monday, January 16, 2012 | Posted by: Grant Thornton
Categories: India, India Watch Issue 15 | Tags: India, economy, Grant Thornton, performance, growth, India Watch, emerging markets, inflation, India Economy, interest rates, inflation 2011, interest rates 2011, India Economy 2011, Rupee Devaluation 2011, Rupee, political direction, economic advisory council, stock exchange

As we enter what will hopefully be a more promising year in economic terms for many of the world’s economies, let us take this opportunity to take a look back at the year just passed.

2011 was somewhat of an annus horribilis, with natural disasters in Japan and New Zealand, political uprisings across North Africa, riots in some of the UK’s major cities and what could still be, an economic time-bomb in the form of the Euro-zone debt crisis. All these factors, and many others, led to the continued economic uncertainty seen in both 2009 and 2010, and India, like many other emerging markets was not immune to the global economic turmoil.

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London stock markets still attractive for Indian small caps, despite slowdown

| Posted by: Grant Thornton
Categories: India, India Watch Issue 15 | Tags: India, Grant Thornton, performance, India Watch, emerging markets, FTSE, London Stock Exchange, India Hospitality Corp, private equity, economic growth, sector trends, iEnergizer, london markets

Indian SMEs outperformed other small caps on the London markets in 2011, despite an overall muted performance across all indices. Year-end figures suggest the UK capital is still a strong contender for Indian businesses seeking markets in which to raise finance.

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Grant Thornton India Watch Index outperforms all major London indices for the first half of 2011

Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories: India, India Watch Issue 13 | Tags: India, economy, Grant Thornton, performance, India Watch, UK, South Asia Group, AIM, IPO, London listing, share price, capital markets, PLUS, main market, raising finance, equity

The Grant Thornton India Watch Index* showed the strongest performance in H1 2011 of all the major London indices, with a positive performance of 2.65%. This compares to FTSE 100 (0.78%) and FTSE AIM UK 50 (1.17%) and the falling AIM 100 (-8.54% ) and FTSE AIM All-Share (-8.10%).

Interestingly, since the start of the financial crisis in late 2008, the Grant Thornton India Watch Index has gained 142.85%, followed by the FTSE AIM ALL-SHARE (117.58%) and FTSE AIM 100 (112.46%) respectively, highlighting the sustained growth of the AIM market.

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Majority of Indian AIM firms outperform other UK indices

Monday, October 18, 2010 | Posted by: Grant Thornton
Categories: India, India Watch Issue 10 | Tags: India, finance, economy, performance, India Watch, LSE, South Asia, AIM, stockmarket

In the quarter ended 30 September 2010, Grant Thornton’s India Watch Index underperformed other UK indices. This underperformance was due mainly to the heavyweight stocks Essar Energy and Vedanta Resources which were a drag on the Index’s overall performance. However, the majority of Indian AIM companies actually outperformed the main UK indices over the quarter and the pipeline of Indian IPOs on AIM continues to look strong.

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