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India
Report

India

Country Report; July 2014

EIU, 2014

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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.

Take-Aways

  • The May 2014 victory of the Bharatiya Janata Party, part of the National Democratic Alliance, opens up the possibility of economic and political reforms in India.
  • India’s new prime minister, Narendra Modi, must gain support from state governments, take a measured approach to issues important to his right-wing supporters and satisfy his core constituencies – the young, the middle class and the business sector.
  • The administration’s initial spending reforms will widen the budget deficit slightly in 2014 and 2015, but that gap will have contracted somewhat by 2018 to 2019 as tax reform and a broader tax base take hold.

About the Author

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