South India’s economic dominance and the rise of women investors
In a recent interview with CNBCTV18, Rakshit Ranjan, co-founder of Marcellus Investment Managers, shared his insights on why he is bullish on businesses in South India.
Ranjan highlighted two key themes:
- The dominance of South India: Ranjan noted that the average per capita income in South India is over 50 percent higher than the rest of India. He attributed this to the availability of better quality skilled labor and companies offering products and services that cater to the rising affluence of South India.
- The rise of women investors: Ranjan emphasized that women are a major force driving investment in India. He pointed out that bank account balances of women are higher than those of men, and that the rate of rise of women-oriented savings and expenditure is phenomenal.
Ranjan also mentioned that literacy rates among women in India are higher than those among men, and that this is having a positive impact on the economy. He expects this trend to accelerate in the coming decade.
When asked about specific stocks, Ranjan mentioned Nykaa and Trent (Westside and Zudio) as two companies that are well-positioned to benefit from the rise of women investors.
Overall, Ranjan’s comments are bullish on the Indian economy, and he sees South India and women investors as two key drivers of growth.
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