Thursday, June 13, 2024 10:00 AM in London
Indian prime minister Narendra Modi will get a third consecutive term in office, but his policy agenda is set to be constrained by the pressures of running a coalition government. Investors are worried that a hitherto pro-business government will become more captive to labor interests. As a result, Indian equities have sold off and the worry is that they may now be derated. The glass-half-full argument runs that the new government will be compelled to chase growth through a mixture of fresh infrastructure spending, incentives for manufacturing and encouragement of foreign direct investment to capitalize on India’s competitive advantage in services and, crucially, to keep the current-account deficit in check. In this webinar, Udith and Tom will discuss what type of India is likely to emerge.
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