India has seen the strongest election mandate in 30 years since the era of single party governments. A near perfect marketing campaign by BJP, a pro-development perception about Modi, combined with a potent anti-incumbency combination of slow GDP growth, soaring price levels and corruption charges against the UPA, have put the BJP decisively in the driver’s seat.
Absolute independence brings the promise of fast-track reforms and a surge in economic activity. Combined with certain macro tailwinds and reasonable valuations, a major part of the next 5 years will be a great period for the Indian stock market.
