Bland said, "We are keen on emerging markets, especially India, because they offer the best prospects for the long-term equity investor.

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According to him the effect on India from the continuing crisis in the Eurozone will not be as pronounced as that on other Asian economies, including China, as the Indian economy is less dependent on exports than its neighbors.

Bland believes that the economic crisis in Europe and the US will not have a great impact on the economic growth in India which will be around 7.5% in 2012 and 8.1% in 2013.

Bland goes on to add that even if these projected numbers are revised downwards, they comfortably outstrip the growth expected in the developed world.

Another factor going in favor of the projected economic development, according to Bland, is the introduction of a unique ID card system, which will be used to distribute welfare payments, and be an alternative way of paying workers. This can result in the entire Indian population opening a bank account, potentially unlocking a swathe of consumers with access to credit.

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Bland also pointed at the growing middle-class of the country. He said, "Critically and looking longer-term, India’s greatest potential comes in the form of demographics, and a burgeoning young workforce. India currently has a population of 1.12 billion, but by 2025 the country is expected to have more people than China."

Bland concluded by saying, "The truth is that in the West, growth is not going to match what we have seen in recent decades. At Duncan Lawrie, we have a significant commitment to emerging markets, and believe that India will be at the forefront of their superior performance."