EM Drop-In: After the big vote – India’s macro and markets outlook

In a big year for elections, this is the biggest. India’s general election begins on 19th April, with nearly a billion Indians registered to vote and Narendra Modi on course to win a third term as prime minister.

But even if the conclusion seems foregone, this seven-week democratic extravaganza will raise fundamental questions about the near to long-term outlook for the world’s soon-to-be-third biggest economy – from whether the BJP can deliver the reforms needed to sustain growth at current levels to where India fits in a global economic system that’s fracturing into US and China-led blocs.

To answer these questions and more, economists from our EM and markets teams held this special pre-election briefing on the Indian economic outlook and the implications for financial markets.