DC Edit | Will festivals, elections lead to India's dream growth run?
1 year, 3 months ago

DC Edit | Will festivals, elections lead to India's dream growth run?

Deccan Chronicle  

Once in every generation – which is roughly 30 or 40 years – the world finds itself on the cusp of a major change – spreading across domains of technology, geopolitics, as well as economics. In the last eight months, foreign investors pumped in $16.5 billion in the Indian stock markets – the largest such investment in Asian equities. In October 2020, the combined might of five emerging markets could not equal China’s weighting in MSCI Emerging Markets Index But now, just India and Taiwan together can outshoot China in terms of market appeal, though Beijing commands a four times bigger economy than the combined GDP of India and Taiwan. In contrast, the economy of China, whose zero Covid policy was hailed globally in the initial stages of pandemic, is faltering, raising concerns over its impact on the global economic growth. If that happens, the election spending by candidates in the Lok Sabha elections and those contesting in nine elections would provide a great stimulus to the economic growth, providing an optimistic scenario that was not seen after the 2003 India Shining epoch.

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