What China and India's knife-edge ride means for investors

This article first appeared in Livewire markets on the 15th June 2022

China and India are the world's two largest emerging market economies, yet both face an uphill battle as they reckon with COVID and inflation respectively. 

Amit Goel, Lead-Portfolio Manager of both the Fidelity Global Emerging Markets Fund and the India Fund, gives us his take on the headwinds facing these emerging market heavyweights.   

"We have seen a huge impact of COVID lockdowns on Chinese consumption, which was the strongest part of the economy last year," he said.

In India, the problem is inflation, which India's central bank has responded to by lifting the cash rate by 50 basis points (sound familiar).

But there is one specific sector that he believes has found clear air above the headwinds.