Share Name Share Symbol Market Type Share ISIN Share Description
JP Morgan Indian Investment Trust LSE:JII London Ordinary Share GB0003450359 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +4.50p +0.60% 750.50p 747.00p 749.50p 751.00p 745.00p 749.50p 80,677 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 6.8 -1.8 -1.8 - 796.60

JP Morgan Indian Share Discussion Threads

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It seems I was right. £7.50 was hit!
£7.50 should be hit and then an attempt for £8.00. From a technical (chartist) perspective it looks extremely bullish.
India seen as global growth pole, and not China, for the next decade: India to feature on top of the list of the fastest growing economies till 2025 with an average annual GDP growth of 7.7%, according to a Harvard University study. “The economic pole of global growth has moved over the past few years from China to neighbouring India, where it is likely to stay over the coming decade,” the CID research suggested. The study attributed India’s rapid growth prospects to the fact that it is particularly well positioned to continue diversifying into new areas, given the capabilities accumulated to date. “India has made inroads in diversifying its export base to include more complex sectors, such as chemicals, vehicles, and certain electronics,” the growth projection pointed out. “The major oil economies are experiencing the pitfalls of their reliance on one resource. India, Indonesia and Vietnam have accumulated new capabilities that allow for more diverse and more complex production that predicts faster growth in the coming years,” it added. Stating that economic growth fails to follow one easy pattern, the study said, “The countries that are expected to be the fastest growing—India, Turkey, Indonesia, Uganda, and Bulgaria—are diverse in all political, institutional, geographic and demographic dimensions.” “What they share is a focus on expanding the capabilities of their workforce that leaves them well positioned to diversify into new products and products of increasingly greater complexity,” the new growth projections by CID added. Besides, the projections divide countries into three basic categories—the countries with too few productive capabilities to easily diversify into related products. Secondly, the countries that have enough capabilities that make diversification and growth easier, which include India, Indonesia and Turkey. Last, the advanced countries such as Japan, Germany and the US that already produce nearly all existing products, so that progress will require pushing the world’s technological frontier by inventing new products, a process that implies slower growth. Growth in emerging markets is predicted to continue to outpace that of advanced economies, though not uniformly says CID’s new growth projections. The growth projections are based on measures of each country’s economic complexity, which captures the diversity and sophistication of the productive capabilities embedded in its exports and the ease with which it could further diversify by expanding those capabilities.
The correction was a healthy sign and once some consolidation takes place it will then continue its upward trend.
The chart since December 2016 looks fantastic. The trend is extremely bullish and getting stronger. I think £7.50 is a realistic possibility. I think as the US adapts to Trump and the uncertainty in the EU with Brexit and other European elections the smart money will go into India. I expect India to be the best performing market over the next 1, 2, 3, 4, and 5 years. The is a positive growth trajectory with India and the world is finally waking up to it. Yes there will be ups and down and political scandals along the way but for investors, India is a MUST in the portfolio.
Long term target has to be that magical £10.00.
The target now has to be £7.50.
Abheek Barua believes India is protected from the 'downside' that emerging markets might face, but is likely to ride the upside when the EM boat rises. India appears to be in the sweetest of sweet spots as far as its financial markets go, but there is a need to find concrete solutions to the gap between unemployment and headline GDP growth, says Abheek Barua. Investors seem to be happy with the fact that the government can take bold steps like demonetisation, the GST mess seems sorted, that there is political continuity, and a strong and visible leadership. "Indian economy is expected to grow at 7.2 per cent in 2017 and at the rate of 7.7 per cent in 2018," "India has huge unmet infrastructure funding needs... USD 646 billion is required in next 5 years (for financing infrastructure).
Yes one day, less than 24 hours and that is very soon. It has finally hit £7.00. Lets see if this makes new highs. Exciting times for investors in India (IiI).
One day very soon!
well , yes, one day ...
£7.00 here we come!
The Indian economy is growing strongly and remains a bright spot in the global landscape despite temporary setback due to demonetisation, the IMF mission chief for India, Paul Cashin said. In its annual country report on India, the International Monetary Fund (IMF) on Wednesday said growth is expected at 6.6 per cent in this financial year and at 7.2 per cent in the following year. Continued fiscal consolidation, by reducing government deficits and debt accumulation, and an anti-inflationary monetary policy stance have helped cement macroeconomic stability, he added. Noting that the government has made significant progress on important economic reforms, which will support strong and sustainable growth going forward, Cashin said the upcoming implementation of the goods and services tax (GST) will help raise India's medium-term growth to above eight per cent. GST will enhance the efficiency of production and movement of goods and services across Indian states, he said. However, there is little scope for complacency. "A key concern for us is the health of the banking system, which is still dealing with large amount of bad loans, and also heightened corporate vulnerabilities in several key sectors of the economy," he said. Responding to a question on demonetisation, he said the strong shortage of cash has disrupted economic activities. However, he said the Indian Government appears to have that taken measures to alleviate payment disruptions, such as temporarily allowing use of old banknotes for purchases of fuel and agricultural inputs, have helped mitigate the negative impact. "So we expect the slowdown to be limited and relatively short-lived and the financial system to come through unscathed. Of course, potential loan repayment risks should be monitored carefully, particularly given an already elevated level of non-performing loans," Cashin said.
Indian economy to reach $5 trillion by 2025: Morgan Stanley India's millennial population is a massive disruptive force and driven by this supportive demographics along with government's policy action, Indian economy is likely to reach $5 trillion by 2025, says a report. India’s millennial population is a massive disruptive force and driven by this supportive demographics alongwith government’s policy action, Indian economy is likely to reach USD 5 trillion by 2025, says a report. India’s USD 2.2 trillion economy makes it the seventh largest in the world in terms of nominal GDP (and the third largest in PPP terms), but the country’s per capita income is less significant. With a per capita income of USD 1,700, India ranks well behind some of the key emerging markets, like China, Russia, Brazil, Indonesia, the Philippines, Mexico, and Turkey. “We expect a confluence of supportive factors, led by demographics, government policy action, and globalisation, to lead to a sustained period of productive growth in the medium term,” Morgan Stanley said in a research note adding “in our base case, we expect the Indian economy to reach USD 5 trillion by FY2025. By financial year 2024-25, Morgan Stanley expects per capita income to rise 125 per cent to USD 3,650. The report said India’s millennial population of 400 million is the largest in the world and is armed with around USD 180 billion in spending power and with high smartphone adoption and widespread availability of mobile broadband infrastructure, it will become a disruptive force faster than most businesses expect. The population dynamics will therefore be a key force in shaping India’s overall growth trajectory and also in shaping how product markets will develop as the preferences of the population evolve, Morgan Stanley said. The report, however, noted that the demographics factor alone is not sufficient for an acceleration in GDP growth. It is important that the working age population is adequately skilled to participate in a globalised competitive environment. “The next leg of harnessing this young and better skilled population would require creation of adequate employment opportunities, which is an opportunity and a challenge for India,” it said.
India wants to make credit and debit cards obsolete for payments By Manish Singh: Ever since India invalidated much of its cash, it has been encouraging its citizens to switch to mobile wallets and other epayment solutions. Today, it took another step in pushing its citizens to embark on the cashless payment solutions — but early boomers aren't going to like it. The Indian government has launched BharatQR Code to enable people to pay for things they purchase without swiping their plastic cards. Instead, merchants can ask shoppers to scan a QR code and make payments directly from their bank account. One of the biggest problem merchants and citizens faced in the aftermath of demonetization last November was the absence of non-cash payment systems. The penetration of payment terminals machine remain low in India, with many merchants even complaining about the cost of the device and the high transaction fee. According to the government's own estimations, there are about 57.7 million merchants but only 1.5 million digital payment acceptance locations. With BharatQR Code, the government hopes to do away with card swipe terminals as merchants will be able to generate their own QR code that will be interoperable with all banks. The government-backed National Payment Corporation of India (NPCI) has partnered with 14 major financial institutions including Reserve Bank of India (RBI) and ICICI Bank to support BharatQR, it said Monday. BharatQR Code also supports all the major three payment terminals — NPCI-backed RuPay, as well as MasterCard and Visa. BharatQR Code can be a big blow to mobile wallet companies like Paytm, Mobiqwik and Freecharge that grew multifold since demonetization. Most mobile wallet companies offer QR codes as a feature for merchants to accept payments. However, unlike BharatQR Code, the QR codes of these wallet companies are not interoperable and users have to use the particular wallet app in order to pay. While BharatQR Code supports most plastic cards and banks, it does not support mobile wallet companies, yet. "BharatQR is the answer to Paytm. Hopefully banks will now be able to expand infrastructure at the rate with which Paytm did during demonetisation," AP Hota, CEO of NPCI was quoted as saying. Paytm, India's largest mobile wallet service which has seen astronomical growth amid demonetization, announced that it will invest Rs 6 billion ($89.6 million) to help merchants across the country to start using its QR code based payment solution. While Paytm, and other companies have been the winner in the India's cash crunched market over the past few months, the government has been working aggressively to get its own services out in the public. In December, Prime Minister Narendra Modi launched NCPI-backed BHIM app. The government has also formulated UPI (Unique Payment Interface), that banks can use to make it as easier for people to send money as sending a text message is. The vast majority of banks in India now support UPI. Even for users who do not have a smartphone or any phone, the government plans to have fingerprint scanner based PoS terminals where customers can simply scan their fingerprint to make payments.
Economy to grow at 7.4% next FY: India Ratings and Research: "India Ratings and Research expects the gross domestic product (GDP) to grow 7.4 per cent year-on-year in FY18...Ind-Ra, however, has revised down GDP growth estimate for 2016-17 to 6.8 per cent from 7.9 per cent, which is even lower than Central Statistical Organisation's advanced estimate of 7.1 per cent," the rating agency said in a statement. Backed by consumption demand and government spending, the gross value added of the three production sectors -- agriculture, industry and services — would grow at 3 per cent, 6.1 per cent and 9.1 per cent year-on-year respectively in 2017-18, the agency said. "While private final consumption expenditure is expected to grow at 8.9 per cent, the government final consumption expenditure is expected to clock 9 per cent growth in 2017-18," it said. The rating agency said that it expects the current account deficit to come in at 1 per cent of the GDP in 2017-18 as against 0.9 per cent in 2016-17. "This will help the rupee trade at an average $69.18 in FY18," it noted. Observing that while India is likely to face continued headwinds on the exports front due to the play out of Brexit and the anti-globalisation stance of US President Donald Trump, it pointed out that imports are unlikely to pick up so long as the domestic investment cycle does not revive. As against the popular perception, Ind-Ra said the main setback to investment growth came from the negative 2.2 per cent growth in the gross fixed capital formation (GFCF) of household sector. Ind-Ra expects GFCF to grow at 4.9 per cent in 2017-18. India's economic growth forecast of 7.4 per cent by Ind-Ra in 2017-18 is on the upper end of the 6.75 to 7.5 per cent band estimated in the Economic Survey.
By Andrew Allen: India will overtake the US by 2050 to become the second largest economy, regardless of how their GDP is measured, while Indonesia could elbow advanced economies such as Japan and Germany aside and move into fourth place by 2050. The E7 economies of Brazil, China, India, Indonesia, Mexico, Russia and Turkey will grow at an annual average rate of around 3.5% over the next 34 years, compared to only around 1.6% for advanced G7 nations. John Hawksworth, PwC chief economist and co-author of the report, said: “The E7 could comprise almost 50% of world GDP by 2050, while the G7’s share declines to only just over 20%.” By 2050 the report predicts Indonesia and Mexico will be larger than Japan, Germany, the UK or France, while Turkey could overtake Italy. “In terms of growth, Vietnam, India and Bangladesh could be the fastest growing economies over the period to 2050, averaging growth of around 5% per year,” the report said. Colombia and Poland are projected to be the fastest growing large economies in their respective regions. However, today’s advanced economies will continue to have higher than average incomes and, with the possible exception of Italy, G7 countries will continue to sit above the E7 countries in terms of GDP per capita. Convergence of income levels across the world is likely to continue well beyond 2050 with China gaining middling average income level by 2050 while India will remain in the lower half of the income range, given its low starting point. “While strong population growth can be a key driver of total GDP growth, it will take much longer to eliminate differences in average income levels,” said the report. Global economic growth will average around 3.5% per year to 2020 but it will slow to around 2.7% in the 2020s, 2.5% in the 2030s and 2.4% in the 2040s, as many advanced economies experience a marked decline in their working age populations.
I think so. It could even top it and cross £7.00.
690p again?..
Patience is the key here. If you look at the chart then there was a very healthy correction and now it is resuming its upward trend.
Why isnt this going up when Indian market has been going up strongly
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P:35 V: D:20170723 03:01:24