What does NDA's third term in governance mean for NRI investors?
Non-Resident Indian (NRI) investors. The NDA's consistent emphasis on economic reforms, infrastructural development, and ease of doing business has historically resonated well with the investor community.This new tenure promises to build upon these foundations, potentially offering numerous opportunities for NRI investors.
Here’s a closer look at what NDA's third term means for NRI investors, but before that a glance at the horizon of the Indian economy.With India aiming to emerge as the fourth-largest economy by 2026 surpassing Japan and as the third-largest economy with its GDP crossing $5 trillion by 2027 surpassing Germany, the next term in office for the government is to execute and capitalise on the momentum built in the last few years.India’s GDP growth rate of 8.2% for FY24 is the highest among all major large economies; showcasing the growth of the economy and the opportunities it will bring for the nation.Indian markets outperformed global counterparts across three, five, and ten-year periods. Nifty Large Cap Index delivered a 10.9 per cent annualised return in the past 10 years.
Over the same period, the US Index and China’s market delivered only 6 per cent and 2.7 per cent.Similarly in the last five years, Indian markets delivered 18.8 per cent while the US Index delivered only 7.6 per cent. India markets recently solidified its position as the most emerging market as per Morgan Stanley, a trajectory that showcases it as a potentially high return-yielding market for the upcoming future.
Here are the things to look forward to Modi 3.0 government:The NDA government has been known for its economic reforms. Initiatives such as the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC), and various
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