India's economic recovery expected to boost shares

Aug 23, 2009

Although India's stock market has already risen sharply this year, Fidelity joins others in saying there is more room for share price gains.

India's economy is showing early signs of recovery which, when combined with the country's reliance on domestic demand and recent government initiatives, will help boost sentiment for local shares, according to Teera Chanpongsang, portfolio manager of Fidelity Funds' India Focus Fund.

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