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India

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India

Country Report; July 2014

EIU,

5 Minuten Lesezeit
5 Take-aways
Audio & Text

Was ist drin?

India’s new prime minister and his party’s majority position could shape the country’s future in new ways.

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Editorial Rating

8

Qualities

  • Analytical
  • Innovative
  • Eye Opening

Recommendation

Corruption and bureaucracy have beleaguered India’s political environment for years. But the May 2014 elections, which ushered in a new prime minister and parliamentary majority, could bring about much-needed economic reforms and other positive changes. The Economist Intelligence Unit’s concise report offers a glimpse into what India’s future might look like. getAbstract suggests this cogent analysis to corporate executives doing business in India.

Summary

Political and economic changes now taking place in India will have a profound impact on its fortunes. On May 26, 2014, the center-right National Democratic Alliance, led by the Bharatiya Janata Party (BJP), formed a new government. The BJP gained a majority in the lower house of parliament, marking the first time since 1984 that a single party has won a majority of votes. The victory also signifies a resounding defeat for the scandal-plagued coalition led by the Indian National Congress and opens up the possibility of economic and political reforms that bureaucratic roadblocks and corruption previously stymied.

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About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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