India Update – Part 4 Of 2019

We welcome you to the latest edition of ELP Knowledge Series, a quarterly analysis of curated topics pertaining to critical legal and regulatory developments that can create risk for businesses in India.

In the last quarter, most notably, the Supreme Court of India has settled the corporate bankruptcy process in India through its landmark decision in the Essar Steel – Arcelor Mittal case. This judgment will definitely impact the non performing assets situation in the country.

Beyond this, consensus projections for India's growth are muted at around 5% (when compared to projections in the last decade). The Government has taken several steps to boost this and the Union Budget scheduled for February this year, holds great promise to large scale reforms that will further ease of doing business in India.