By Sukumar Rajah, Senior Managing Director, Director of Portfolio Management, Franklin Templeton Emerging Markets Equity
The Indian government has delivered its final budget for fiscal year 2020, which ends in March 2020.
We believe the India Union Budget shows the government is moving in the right direction by focusing on improving the investment climate and diversifying the source of government funding, which should lower the cost of capital in the long run. As a result, we retain our positive outlook for India equities in the medium to long term.
Balancing Growth with Fiscal Discipline
India's