India could be the ideal site for emerging market investment, according to one ETF expert.Agra Investment
Kevin Carter, founder and chief investment officer of EMQQ Global, told CNBC❼”ETF Edge” this week that India❼population demographics, growing economy and technology-oriented policy make the country highly investable.
“You❿ got a government that❼a democracy that❼supporting technology, and you❿ got a talent pool that❼really unmatched on the planet,” he said. “So it really is in every way the perfect emerging market.”
Carter, who manages the India Internet & Ecommerce ETF (INQQ), underscored the significance of India❼technology investments in particular.
“What❼coming along with that is $12 super computers,” said Carter, referencing the Jio Bharat smartphone released this year, which aims to close the connectivity gap between India❼rural and urban populations. “The smartphone is bringing those billions of consumers online for the first time.”Pune Investment
That, according to Carter, is revolutionizing the financial system in a country of more than one billion people.
“What they❿ used that to do is basically enable about 800 million people to open a digital bank account using just their fingerprints and their eyeball, and also to open about 500 million new smartphone subscriptions. So they❿ brought everyone in the financial system, and they brought everyone there in a technological way.”Udabur Investment
Carter❼INQQ ETF focuses on Indian e-commerce and internet companies, targeting growth in the country❼digital economy. Per the fund❼website, as of DecIndore Investment. 22, its top holding is , the conglomerate behind the $12 smartphone boom.
“No other country on the planet has anything like this in terms of a digital foundation for their entire economy,” Carter added.Jaipur Wealth Management
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