eGovernment sector in India is still in its nascent stage and we strongly believe that it has a very high growth potential. It would not be wrong to suggest a multifold growth in its size given the fact that the country still ranks 113th in the world on the eGovernance readiness index (2008).
Moreover, taking the clues from the developed nations, we think that if India has to maintain its growth trajectory then the public sector has to play a pivotal role and it is only possible if eGovernance is given prime importance, so that the reforms reaches out to the masses.
Thus, I strongly believe that one should add Tera Software, Vakrangee Softwares and ABM Knowledgeware to an investment portfolio with 3-5 year time horizon, or one can also start doing SIP form of investment in them with equal weight on the three stocks.
For further details regrading the sector or to know more about the companies recommended, please use the link to download the full report.
Happy Investing.!!
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