privatisation. A Modi-led government is also likely to roll back the UPA’s extensive social welfare policies. These policy moves could have major investment implications.
Over the past decade, consumption and investment in India have never moved in sync with each other and this has created macro imbalances. NDA policies have the potential to allow consumption and investment to grow in sync and this creates a new set of investment opportunities focused on companies which are at the intersection of our three mega themes, namely: (i) industrial exports, (ii) mass-scale aspirational consumption, and (iii) turnaround plays in light industrial manufacturing.
Ritika Mankar-Mukherjee & Saurabh Mukherjea
The authors are Economist and CEO (Institutional Equities) at Ambit Capital