As Indians cast ballots in a general election that ends 19 May, PIMCO thinks it’s a good time to take stock of the investment outlook. The election outcome could prove pivotal to global growth as well as India’s.
Prime Minister Narendra Modi’s government has initiated important structural changes that are likely to help sustain high growth rates over the next several years. However, to ensure that risks to the banking system and fiscal sustainability don’t resurface, PIMCO thinks the next government will need to embark on a second generation of reforms. READ MORE
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