Investors may want to consider increasing their exposure to the world’s second-largest emerging market.
Kevin Carter, founder of EMQQ Global, said that India’s technology industry is currently very attractive.
“This is the tip of the spear of (e-commerce) growth … not just in emerging markets but across the planet,” Carter said this week on CNBC’s “ETF Edge.”
His firm is behind the INQQ India Internet ETF, which is launching in 2022.
“Door punch in India”
One of Carter’s top plays is Zomatohe calls it ” door panel India.
“One of the reasons Zomato has performed so well this year is that the Quick Commerce business has exceeded expectations,” Carter said. “Now it looks like this is going to be Zomato’s biggest business.”
Carter noted that his optimism comes from people who are new to the Internet.
“Today, they basically got the first computers, and billions of people can go online with supercomputers in their pockets,” he said.
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