Uncommon sense: India's slow and steady plan for growth

Adrian Terron

This article outlines the impact of India's 2015 budget on several key economic sectors, with a broadly positive long-term prospect, but no short-term stimulation plans.
  • For the first time in 16 years, India's economic growth is set to overtake China's in terms of speed, and multinationals should look again at the opportunities available.
  • The government's 2015 Union Budget focusses on long-term rather than short-term growth, with keys reforms and infrastructure projects building confidence.
  • The budget will affect sectors differently: IT is broadly positive but concerned about tax and regulatory issues; FMCG is pleased with infrastructure plans and public health initiatives; and telecoms is likely to benefit from plans to roll-out access to rural communities....

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