Indian equities' growth prospects assured

Despite restrictions in performance over the first quarter of the year, the country's structural growth drivers remain intact and bode well for equities in the medium to long term, says Teera Chanpongsang, Portfolio Manager, Fidelity India Focus Fund. "Concerns about the impact of inflation and monetary tightening on growth have restricted Indian equity returns so far this year," Ms Chanpongsang comments. "Foreign investors redeemed funds from many emerging markets, including India, to invest in the developed world where economic growth was showing signs of a recovery.  However, this trend...