India Election Results & Outlook
VIKASA Capital is pleased to share the results of the 2019 Indian Prime Minister election. Mr. Narendra Modi will continue to lead the nation for a second 5-year term. Modi’s Bharatiya Janata Party (B.J.P.) is poised to win with an even bigger majority than in the first term. Mr. Modi is viewed as good for business. He has simplified the tax system and cut down on corruption, and one of the signature achievements of his term was an overhaul of the country’s corporate bankruptcy system.
As early trends suggested a strong majority for Mr. Modi and the B.J.P., India’s stock market index (SENSEX) crossed an intra-day all-time high. India’s stock market has been a bright spot in Asia, particularly as Chinese shares have suffered amid that country’s escalating trade war with the United States.
For more information on the future of India, please review “India Outlook 2019”, by VIKASA Capital.
VIKASA Capital is a boutique emerging markets investment advisor. With a strong focus in India, our strength is providing access with a high level of risk management coupled with local market knowledge. Founded in Oklahoma City in 2012, VIKASA has a global presence including offices in the U.S., India, Mauritius, and Singapore. We work with institutions, asset managers and pension funds and as an emerging manager, we believe in strong governance principles.