- GQG Partners witnessed a remarkable surge in its India portfolio value, doubling from $4.4 billion to $9.9 billion in a year, led by successful stock picks across various sectors.
- Beyond its prominent investments in the Adani Group, GQG expanded its Indian holdings across infrastructure, consumer goods, and energy sectors, contributing to its robust performance.
- The growing Indian market, backed by Prime Minister Narendra Modi’s infrastructure initiatives, attracted global investors like GQG, seeking viable alternatives to China.
- GQG’s investment in the Adani Group reached a valuation of $7 billion, signifying its significant contribution to the overall portfolio growth despite controversies and allegations.
- GQG appears committed to a long-term investment strategy, emphasizing sectors like private sector banks, IT, consumer staples, and particularly infrastructure, which Rajiv Jain views as an undervalued area with substantial growth potential in India.