Waiting for the outcome of India’s election

Who can be trusted to make sure the country’s economy is on the right track?

The country has done well in recent weeks in anticipation of a change in government but we think maybe there is too much optimism there. In India it is quite difficult for things to change quickly on the political front because of entrenched bureaucracy; it is a very cumbersome, chaotic country in many ways. We would like to see improvement in India, the potential there is potentially enormous if one day effective economic policy could be put in place and if corruption levels were to be reduced. It is something we continue to watch very closely. However, for the moment it remains a fairly trading-oriented market that generally looks quite expensive.

Jason Pidcock, Portfolio Manager, Newton.

  • Download
  • Print
Comments are closed.