Modi Guarantees Reform. Good Days On The Way
The Sensex high up by 22 percent and India’s market considered most overweight at the Credit Suisse Asian Investment Conference can be considered enthusiasm for the Indian economy.
Michael Strobaek, global chief investment officer at Credit Suisse also expressed high hopes with silimilar obstacles in the way, for the nation’s upcoming plan of progress.
"Modi is coming in with a clear mandate (and) very strong not just rhetoric, but plan around structural reform, infrastructure investments and a clear ability to get that through parliament," Strobaek said. "They have enormous potential."
Investors already appreciated both the budgets by the Modi government.
This year, the World Bank ranked India at 142 out of 189 countries for executing easy business.
Doubt remains whether this time promises by the Prime Minister see a real life in near future?
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