Indian Economic Update - February 2015

The new Indian Government, led by Prime Minister Mr. Narendra Modi, assumed office in May 2014 with the election promise to deliver on reviving economic growth, investor confidence and bringing consumer demand back on track. The key stated goal is to move away from a control-and-command economy towards a market economy.

The intent and policy announcement for reforms is significant and widespread across the framework of regulations and law. Most expect that the reforms would not be able to weave an overnight and create immediate success story and that it would be nearly 12-18 months before it translates into investment on the ground, even though the sense of optimism is all pervading.