India getting back on track

Please click the link below to view Shane Oliver's views on India.

The key points covered are :

 

  • The resounding victory by the Bharatiya Janata Party led alliance in Indian elections likely ushers in a period of significant economic reform in India.
  • Reforms are likely to focus on improving the business environment, privatisation and reducing the budget deficit and support for inflation targeting.
  • This should help boost India's growth potential back to around 8% pa.
  • The reform process won't be smooth in the short term but is very positive for Indian assets over the long term.