How sustainable is India’s stellar growth?
17 March 2015
India’s stellar market performance over the last 12 months has left many observers asking whether it is sustainable longer term. Sukumar Rajah, managing director and chief investment officer, Local Asset Management, Asian Equity, finds reasons to believe India’s star is on the rise and long-term confidence can be restored. He looks at some of the details of the newly unveiled 2015 Union Budget and points to some low-hanging fruit for new Indian Prime Minister Narendra Modi to consider as he embarks on a much-anticipated reform programme.