A different view of India’s economic growth
Economic reforms by the Narendra Modi govt are being carried out against a backdrop of fragile global growth. All this makes for a high level of uncertainty
Research reports by brokers, even the ones on the macro-economy, are usually focused strictly on economic parameters, avoiding all mention of politics. Fuzzy matters such as political economy, which can’t be reduced to a set of numbers, are generally given a miss. When politics is discussed, it is through the narrow lens of how many seats the ruling party will win in a state and whether that will help improve the chances of pushing through reforms. As a result, all too often, they miss the wood for the trees.