Modi Off To A ‘Shaky Start’ In India

[undercover JIX]

Kenneth RapozaSenior Contributor
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I write about business and investing in emerging markets.
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Granted, India’s budget always makes U.S. investors in India skittish, so this is not exactly a shocker. The undperformance of India could have brought investors back on pricing alone. There are some pro-market standouts in this year’s budget. However, for every tax cut, there seems to be a tax increase. At least one of those increases will turn off foreign investors.

The new budget gradually reduces corporate taxes but increases marginal income tax rates. It lowers barriers to foreign investment but raises tariffs on imported goods and hikes taxes on foreign portfolio investors, an obvious negative.

The budget included some concrete steps to deal with bad debts at state banks but threw no bones to the agricultural sector, which is stagnant.

The Modi government has promised to ease labor laws, making public sector land available for private industry and new privatizations in the first 100 days of his second term. Investors should wait for specifics and timelines.

India's new Finance Minister Nirmala Sitharaman. Her new budget for fiscal year 2019 raises taxes on foreign investors of Indian securities.

MANISH SWARUP/ASSOCIATED PRESS
One government-affiliated economist told TS Lombard that Modi is subject to various pulls and pushes on the policy front, but is clear about the need for economic growth and structural reform.

A newspaper editor who strongly supports Modi told Dubey that real reform will occur only when it is forced on the country by an economic crisis—and that India was due for one, Dubey wrote in a report to clients this week.

“Investors should await clarity in the coming months on what steps the government will take to ease labor laws, reform the banking system and privatize state-owned enterprises,” writes Dubey, TS Lombard’s political analyst for India.

One asset up for grabs is Air India.

Dubey says investors in India should be prepared for “a continuation of past policies, namely a mix of reform, state control and ... populism.”

https://www.forbes.com/sites/kenrapoza/2019/07/24/modi-off-to-a-shaky-start-in-india/#55e7d1e944c8

 

[undercover JIX]

here is the reason why Modi not responding to trump..

 

[Path-Finder]

nonsense, moohdhi ji is just waiting for the right waves to surf.

 

[undercover JIX]

nonsense, moohdhi ji is just waiting for the right waves to surf.

ohh yea in that pose he is waiting for plenty waves

 

[N.Siddiqui]

here is the reason why Modi not responding to trump..

Modi vedic waves are real...airborne and flying.

 

[Microsoft]

Modi vedic waves are real...airborne and flying.

View attachment 570683

Too real he is defying gravity and lifting the Earth

 

[Crystal-Clear]

Modi vedic waves are real...airborne and flying.

View attachment 570683

thats an ugly creature.

 

[PAKISTANFOREVER]

Kenneth RapozaSenior Contributor
Markets
I write about business and investing in emerging markets.
Eliminating Bias In Hiring Requires A Shift In Perception
UNICEF USA BRANDVOICE
Tens Of Thousands Of Children In Syria's Al-Hol Camp Need Help Now
SoftServe BRANDVOICE
AI In Healthcare: Fact Or Fiction?
Granted, India’s budget always makes U.S. investors in India skittish, so this is not exactly a shocker. The undperformance of India could have brought investors back on pricing alone. There are some pro-market standouts in this year’s budget. However, for every tax cut, there seems to be a tax increase. At least one of those increases will turn off foreign investors.

The new budget gradually reduces corporate taxes but increases marginal income tax rates. It lowers barriers to foreign investment but raises tariffs on imported goods and hikes taxes on foreign portfolio investors, an obvious negative.

The budget included some concrete steps to deal with bad debts at state banks but threw no bones to the agricultural sector, which is stagnant.

The Modi government has promised to ease labor laws, making public sector land available for private industry and new privatizations in the first 100 days of his second term. Investors should wait for specifics and timelines.

India's new Finance Minister Nirmala Sitharaman. Her new budget for fiscal year 2019 raises taxes on foreign investors of Indian securities.

MANISH SWARUP/ASSOCIATED PRESS
One government-affiliated economist told TS Lombard that Modi is subject to various pulls and pushes on the policy front, but is clear about the need for economic growth and structural reform.

A newspaper editor who strongly supports Modi told Dubey that real reform will occur only when it is forced on the country by an economic crisis—and that India was due for one, Dubey wrote in a report to clients this week.

“Investors should await clarity in the coming months on what steps the government will take to ease labor laws, reform the banking system and privatize state-owned enterprises,” writes Dubey, TS Lombard’s political analyst for India.

One asset up for grabs is Air India.

Dubey says investors in India should be prepared for “a continuation of past policies, namely a mix of reform, state control and ... populism.”

https://www.forbes.com/sites/kenrapoza/2019/07/24/modi-off-to-a-shaky-start-in-india/#55e7d1e944c8

Is that thing in the 2nd picture suppose to be a human female or the missing link between ape and mankind?

 

[Asian.Century]

India and Modi got humilated and put into its place....its a rapist country which tries to play all sides...got isolated by itself.

 

[PAKISTANFOREVER]

here is the reason why Modi not responding to trump..

One thing you have to hand it to indian people is that they are the world's best when comes to producing the Earth's most ugliest and hideous looking human creatures. Goes without saying.

 

[undercover JIX]

Is that thing in the 2nd picture suppose to be a human female or the missing link between ape and mankind?

still research is being done. Modi the scientist will figure out soon have some patience.

Modi vedic waves are real...airborne and flying.

View attachment 570683

you noticed uniforms? perfecting Teja for inter galactic travels.

One thing you have to hand it to indian people is that they are the world's best when comes to producing the Earth's most ugliest and hideous looking human creatures. Goes without saying.

husn to dekhnay walay ki aankhoon mae hota hai....hai na?