1 September 2023
As highlighted in our recent executive summary, India’s growth agenda is already paying dividends via the drivers of formalisation and digitisation that catalysed reinvestment in manufacturing. The result: the country’s macro economy has become more resilient with increased capital expenditure and industrial order books, as well as a narrowing current-account deficit and a healthier inflationary picture.
This thought leadership piece offers an in-depth look at how the current economic foundation, based on key government reforms, has enabled the economy’s next compelling stage. The paper further introduces the new drivers of growth, classified as the 5Ds: Digitisation, Deglobalisation, Decarbonisation, Demography and Deficit Reduction. They are poised to reshape the country’s commercial environment across diverse sectors, and we believe they should represent a paradigm shift for the Indian economy and how investors view it.
Given the current market environment, this piece highlights how Indian equities may participate in the country’s long-term growth story amid policy continuity and a stable regulatory environment. Overall, we think the asset class potentially presents sustainable growth opportunities at an uncertain time when the global growth outlook and corporate earnings environment remain unsettled.
Key takeaways from Chinese mainland NPC meeting
The annual meeting of Chinese mainland’s National People’s Congress (NPC) is concluding this week. The China equity team shares its latest views on key policy developments and analyses the main growth engines supporting high quality growth.
Latest asset allocation views amid latest Middle East developments
Against a backdrop of elevated uncertainty, the Multi Asset Strategy Team (MAST) summarizes key market moves, and the potential cross-asset implications.
Middle East developments - Implications for Asian equities and fixed income
The Asian Equities and Asian Fixed Income team assess the recent Middle East developments and implications for Asia asset classes.
Key takeaways from Chinese mainland NPC meeting
The annual meeting of Chinese mainland’s National People’s Congress (NPC) is concluding this week. The China equity team shares its latest views on key policy developments and analyses the main growth engines supporting high quality growth.
Latest asset allocation views amid latest Middle East developments
Against a backdrop of elevated uncertainty, the Multi Asset Strategy Team (MAST) summarizes key market moves, and the potential cross-asset implications.
Middle East developments - Implications for Asian equities and fixed income
The Asian Equities and Asian Fixed Income team assess the recent Middle East developments and implications for Asia asset classes.
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