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Aberdeen’s Hugh Young Is Bullish On India But...
Aberdeen’s Hugh Young says there’s a lot of scope for financials to prosper in India.
23 Apr 2019, 08:41 AM IST
The current valuations of Indian companies are too steep but that hasn’t stopped Aberdeen Standard Investments from betting on the world’s fastest growing large economy.“We would love India to be cheaper. We are reluctant to pay very high prices,” said Hugh Young, Asia Pacific head at the Edinburgh-based investment company, which has about $643.3 billion in assets under management. “We wish we were able to buy good companies at 10 ti...
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