India’s Economic Secret Weapon: Unveiling the Power of the India Stack with Kevin Carter

Welcome back to another exciting episode of The Investing For Beginners Podcast! In today’s episode, we have a very special guest joining us. We are thrilled to have Kevin Carter, the founder and CIO of EMQQ Global, sharing his insights and expertise with our listeners.

Kevin is here to discuss INQQ, an India-focused ETF offered by EMQQ Global. We’ll explore the potential power and impact of India’s unique digital public infrastructure, known as the India stack, and how it is transforming the economic landscape.

As we dive deep into India’s emerging market, we’ll discover why it is becoming increasingly attractive to investors. With a booming middle class, a thriving e-commerce sector, and a government supportive of technology, India has all the right ingredients for exponential growth.

Join us as Kevin sheds light on the immense opportunities and challenges of investing in India, the role of emerging market internet companies, and the potential for India to catch up to China in terms of physical infrastructure. We’ll also explore the investing landscape in India, the valuation metrics to consider, and the companies that are driving growth in this exciting market.

So, grab your notepads and get ready to gain valuable insights from our conversation with Kevin Carter of EMQQ Global. Don’t forget to check out their website and remember, always invest with a “margin of safety”. Let’s dive in!

00:00:44 India is the perfect emerging market. It has the largest population, better demographics, and a fast-growing economy. It also has a unique digital public infrastructure, which is its secret economic weapon.
00:04:26 India’s digital and physical infrastructure summary:
India’s infrastructure investments have led to significant advancements in both physical and digital infrastructure. Under Prime Minister Modi’s leadership, massive investments have been made in roads, airports, ports, and the power grid, resulting in substantial progress. The country’s digital infrastructure, known as the India stack, includes a national identity card system, a know-your-customer layer, and the Unified Payments Interface (UPI), allowing for seamless and cost-free money transfers. India’s talent pool, particularly in the technology sector, is unparalleled, making it an attractive destination for outsourcing and investment. Apple, for example, plans to produce a quarter of its iPhones in India by 2025. Though India’s physical infrastructure may not match China’s, it has made significant strides and is now seen as a viable alternative for manufacturing.
00:20:38 Platform integrating sellers, buyers, and logistics with high growth potential in India market.
00:24:31 Emerging markets lack developed consumption infrastructure. Instead of traditional banking, they use mobile phone-based payments. Companies like Alibaba and Mercado Libre serve as both e-commerce platforms and financial service providers. Ride-hailing apps like Gojek also offer payment services. This trend is gaining traction in India.
00:28:19 Bajaj Finance: profitable Indian smartphone-based lender. India’s emerging market and technological advances.
00:31:42 Foreign stock investment in India presents challenges due to regulatory and bureaucratic reasons. Most Indian internet companies go public in India, while Chinese and Latin American companies list on US exchanges for better liquidity. Indian companies face regulatory hurdles and have not sought capital in New York. India’s growth potential and digitization make it an attractive investment if one believes in the story. Comparisons to China highlight the importance of choosing the right ETF for exposure to Indian market growth. Valuations in India are currently high, and the Peg ratio is a crucial valuation metric to consider.
00:44:35 Kevin shares interesting information with investors. Invest safely.

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You can find the transcript of today’s show below:

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