Ray Dalio, one of the most successful hedge fund managers with a net worth of 15 billion, says India is the place to invest and predicts its economy is set to soar. Is this the Shangri-La that investors have been waiting for in a world where volatility seems to be the new norm?

India has massive opportunities for growth over the next ten years as India is now where China was in 1984, before its growth boom.

Why?

Like China, India has a massive population of around 1.4 billion. But unlike China, which has an ageing population, India’s average age is 24, providing an enormous workforce. This demographic is well suited to bolster India’s already established tech hub and increase innovation and tech research.

Also, India’s infrastructure is improving exponentially despite third-world struggles. It is a tech hub and a medical hub for Asia, and many production lines are being moved from China to India. Apple has already moved some of its production lines to India.

India’s current Prime minister, Narendra Modi, seems to be leading from the front as growth is at 7% and could reach 10% by year-end.

Emerging markets have tremendous growth potential and could be an excellent addition to an investor’s portfolio. Ensure to consult with your financial advisor before making any investment decisions.