Investors May Want to Add Exposure to India’s Attractive Technology Sector
According to EMQQ Global founder Kevin Carter, India’s technology sector is extremely attractive right now, being the “tip of the spear of growth” in e-commerce, not just in emerging markets, but globally. His firm is behind the INQQ The India Internet ETF, which was launched in 2022, and is up almost 21% this year as of Friday’s close.
Carter highlights Zomato as one of his top plays, calling it “the DoorDash of India.” Zomato stock is up 128% this year, with its quick commerce business exceeding expectations, making it look set to be the largest business at the company. Carter’s bullishness stems from India’s massive population, which is just starting to go online, with many receiving their first-ever computer and internet access through their mobile devices.
