Markus Müller, Global Head CIO Office and Jason Liu, Head of CIO Office Asia

Aug. 29, 2018

As we approach India's April/May 2019 elections, the country faces a number of economic challenges but also great development opportunities. 

 

Our CIO Insights Special in summary: 

  • India’s economy has now recovered from the twin reform shocks of goods and services tax implementation and demonetization.
  • Fixed investment has been the key growth engine, due to the return of business confidence and rising capacity utilization due to strong domestic demand.
  • Rural development prioritization has created fiscal pressures, and is also having an impact on monetary policy. The Indian rupee could fall further.
  • We have a neutral view on Indian equities overall in the run-up to the 2019 elections, but see potential strategic upside and sectoral opportunities. We also have a neutral view on Indian credit.
  • The three key post-election priorities are faster industrialization, "inclusive growth" through digitalization, and redefining international economic relations.

 

Download the full report: 

CIO Insights Special: India's destiny - integration and digitalization

In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S. No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Investments come with risk. The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk. CIO Office, Deutsche Bank Wealth Management, Deutsche Bank AG - Email: WM.CIO-Office@db.com.

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