INR - India's Elections: What Should Investors Expect From Modi 2.0?
By Gaurav Sinha, Associate Director, Asset Allocation and Modern Alpha
Democracies are like a 60/40 portfolio. Gradual growth and modest volatility, just like a 60/40 portfolio, have also been hallmarks of India's economic reforms, which started in 1991. In 2014, when in an interesting turn of events, Prime Minister Narendra Modi was elected with a thumping majority, many hoped he would fast-track implementation of reforms.
Five years later, after completing a mammoth democratic exercise, the world's largest democracy finally gave its verdict on May 23 when it selected Modi again as its leader.
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