"India Country Risk Report Q4 2015" Published

From: Fast Market Research, Inc.
Published: Mon Sep 07 2015

The Indian government led by the Bharatiya Janata Party has initiated various reforms in its first year in office and it will continue to enact incremental rather than big bang reforms over the coming years. That said, the lack of majority in the Rajya Sabha, India's 245-seat upper house, will remain a hurdle to the implementation of large-scale reforms.

We remain broadly constructive on the Indian economy, forecasting real GDP growth to accelerate to 7.6% in FY2015/16 (April-March) from 7.3% in FY2014/15. The government's pro-business initiatives and accommodative monetary policy by the central bank will support a gradual economic growth recovery over the coming quarters.

Headline inflation has eased significantly in India on the back of moderation in food prices, which accounts for approximately half of the consumer price inflation (CPI) basket. Following three 25 basis point (bps) cuts to its repurchase (repo) rate since January 2015, we expect the Reserve Bank of India (RBI) to ease interest rates by 25bps to 7.00% by the end of March 2016 as it turns its focus towards reigniting credit growth amid a subdued inflationary environment.

Full Report Details at
- http://www.fastmr.com/prod/1024078_india_country_risk_report_q4.aspx?afid=301

We expect the Indian government to eventually implement the Goods and Services Tax (GST) system over the coming years, but the proposed implementation date of April 2016 is an optimistic one. Even if the GST Constitution Amendment Bill is passed by the upper house, ratification by at least half of the 29 legislative state assemblies is likely to be a time consuming process.

The Indian rupee will remain relatively resilient as we expect the currency to be supported by increased inflows despite reserve accumulation by the RBI. Over the longer-term, the INR will depreciate gradually as the central bank aims to maintain competitiveness amid higher inflation with respect to its trading partners.

Major Forecast Changes

The India Country Risk Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in India. It is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market.

An influential new analysis of India's economic, political and financial prospects through end-2019, just published by award-winning forecasters, BMI  Research.

Key Uses

* Forecast the pace and stability of India's economic and industry growth through end-2019.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
* Assess the critical shortcomings of the operating environment that pose hidden barriers and costs to corporate profitability.
* Contextualise India's country risks against regional peers using BMI's country comparative Risk Index system.
* Evaluate

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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