Why India's and Indonesia's stockmarkets look good

CLSA's Christopher Wood is bullish on India, thanks to the nation's infrastructure spending spree, and Indonesia, due to its relative economic independence from the West.
Christopher Wood
Christopher Wood

Looking to invest in Asian equities, but don't know where to start Focus on India and Indonesia, said Christopher Wood, managing director of equity strategy for CLSA, during a one-on-one interview at the CLSA Investors' Forum that is being held in Hong Kong this week for more than 1,300 investors from 30 countries.

In India, infrastructure spending coupled with consumer spending will drive the economy. So if you are going to stock pick, choose infrastructure-related companies and those that sell consumer goods domestically.

The government understands that if it doesn't build the infrastructure, everything else will come to a grinding halt, said Wood.

Wood pointed out that India's banks are...

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