Investorideas.com

Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS




Share on StockTwits

What does Adani Group crisis in India mean for global investors?

 

February 9, 2023 (Investorideas.com Newswire) Global investors should remain open to India's enormous potential, despite the heightening crisis engulfing the Adani Group, affirms the CEO of one of the world's largest independent financial advisory, asset management and fintech organizations.

The observation by Nigel Green of deVere Group comes as MSCI, the global index provider, is set to change its weightings for Adani Group shares after assessing how many shares can be freely traded.

It follows earlier this week mass protests by India's opposition parties who are demanding a probe into allegations by a U.S. short-seller against the conglomerate, which triggered the Adani Group of companies share price to plummet sharply.

Market losses have now exceeded $110 billion according to media reports since Hindenburg Research accused the corporate giant of stock manipulation and accounting fraud in a 24 January report.

Adani's diverse businesses include port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing and infrastructure.

"The serious issues of the Adani Group of companies, headed by Gautam Adani, are causing such concern in a large part because he has been a close ally of Prime Minister Narendra Modi for many, many years," says Nigel Green.

"With questions now mounting about this hugely influential conglomerate and issues of regulatory frameworks, nepotism, governance and debt, India's credibility amongst global investors is now hanging in the balance."

The debacle, according to many experts, is particularly inconvenient as some multinationals are currently looking to India as a substitute to China as an investment destination.

The questions being raised by global investors have shaken confidence in India.

"However, I would also urge them to keep an open mind on India's incredible opportunities," says the deVere CEO.

"The country is still set to overtake Japan and Germany to become the world's third-largest economy, and together with China will account for more than half of global growth this year."

He continues: "India's economy is showing incredible resilience despite external tailwinds such as supply chain issues, the reopening of China, the war in Ukraine, and the impact of considerable economic slowdowns in developed economies.

"The robustness of the Indian economy is attributable in a large part to enormous domestic markets, a growing middle class, significant supply-side reforms, a strong financial sector, pro-business reforms, and the ongoing digitalization of public and private sectors."

He concludes: "Investors who want to build long-term wealth should remain open to the current and future opportunities in India."

t: +44 207 1220 925
e: george@priorconsultancy.co.uk
Twitter: @PriorConsults

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

More Info:


Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


That's all it takes to get an article published on Investor Ideas - Learn More