Matthews Asia: More Than Modi, The Case For India's Equities

More Than Modi, The Case For India’s Equities by Matthews Asia In May 2014, India’s prime minister Narendra Modi and the Bharatiya Janata Party (BJP) won a landslide electoral victory, securing the first absolute majority in a general election in 30 years. Since then, investors have been inundated with optimistic analyses of Modi’s pro-business attitude, his policy announcements and optimistic rhetoric on India’s demographics and its economic future. In April this year, the International Monetary Fund’s World Economic Outlook showed that India is set to overtake China as the fastest growing major emerging market, with a forecast of 7.5% GDP…