Manoj Wanzare, an Indian fund manager with a master’s in business administration, personifies Australia’s best bet to address the risk of a slump in income growth as the nation’s once-in-a-century mining boom fades.
Wanzare, 37, has the type of education credentials that Australia is singling out for credit in its immigration system. The initiative offers the prospect of increased productivity and a fresh pool of domestic demand amid a slowdown that’s seen the economy expanding at three quarters of a percentage point less than its average of the past decade.
“A migrant hops onto a treadmill at a different speed,” said Wanzare, a senior portfolio manager at Plato Investment Management Ltd. in Sydney who moved to the country six years ago. “Just to be where you are you have to run a bit harder.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.