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Thursday 21 January 2010

QROPS ADVICE: Investment News: INDIA BENCHMARK STOCKS RISE

India's benchmark stock index may rise as much as 20 percent this year, led by lenders and information technology companies as earnings growth gains pace, UTI Asset Management Co. predicts. "It's just a matter of time before you see consumption really taking off in financial services and others," Harsha Upadhyaya, a fund manager with UTI who manages about USD1.1 billion in equities, said. "Per capita income for the working class has been doubling every five to six years."

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