“We expect the positive market reaction to be mostly limited, as the BJP victory seemed largely priced in. Although we believe some obstacles remain on the pathway to the economic reforms Modi has promised, we think he'll push for policy continuity with his initiatives.” – Sukumar Rajah, Franklin Templeton Emerging Markets Equity
As India gears up for a general election in the spring, an increase in populist rhetoric among the country’s political parties may spook some investors. Franklin Templeton Emerging Markets Equity’s Sukumar Rajah is more relaxed. He believes this jockeying for position is part and parcel of Indian politics and feels that the country’s solid fundamentals continue to present a positive story for investors.
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