Foreign portfolio investment in India has been saved
Foreign portfolio investment in India
India continues to be the fastest-growing major economy in the world with a GDP growth rate well above 7 percent. In its latest publication, “World Economic Outlook” (October 2018), the IMF1 states that it expects India’s growth rate to be 7.3 percent in 2018 and 7.4 percent in 2019. In the medium term, the IMF predicts that India’s growth rate will remain strong at 7.75 percent as the country benefits from ongoing structural reforms by the government such as the GST, the inflation-targeting monetary policy framework, the Insolvency and Bankruptcy Code (IBC), the liberalization of foreign investment norms and the steps taken to improve the business environment. It is noteworthy that India’s position in the World Bank’s “Ease of Doing Business” ranking has improved dramatically from 130 in 2016 to 77 in 2018.
1 International Monetary Fund
Performance magazine issue 28, January 2019
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.