Emerging Giants Newsletter – June, 2019

The election of NDA 2.0 with a clean verdict provided a sigh of relief to financial market in India. Re-election of incumbent government with such a strong mandate will not only mean policy continuity and predictability but will also be an opportunity to carry out more challenging and significant reforms in ensuing years. NDA 1.0 carried out massive structural reforms (GST, IBC, RERA, etc.) and boosted the economy through spending on infrastructure. We expect NDA 2.0 to continue on the reforms path and the infrastructure spent. Having earned a stronger mandate, the Government can deliver bolder reforms related to factor of production like Land & Labour.