* TSI India - business growing and looking to expand opportunities. ATM deployment grew by 36% during the year. 1825 ATMs installed and operating as of 31/03/15.
* TSN - reviewing numerous business opportunities to leverage the strong relationships they have formed over the years with clients and Indian market.
* Company expects to see continued strong economic growth in India over the coming years.
* According to UN report, India's economy is projected to grow this year and next year and set to overtake China.
* Inflation in India significantly lower than previous years. Currently around approximately 5.17%. Positive for TSI India.
* Senior economist highlighted... 'However, investors will have to be patient'.
* Overseas investors upped their holdings in both government and corporate notes by $25.6 billion over the last 12 months.
* Overseas investors upped their holdings in the Indian equity markets by $15.3 billion over the last 12 months, although May 2015 poised to be the first month to see outflows.
* Re financial inclusion - debit card growth on the rise. Close to 565 million debit cards on issue. Jump of 26% over last year.
My attention remains on TSI India and their objective. Note only 14 months until August 2016, but some act as if it's 14 years away.
Tony
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