How will Modi's victory change India?

Sunil Asnani on India

Narendra Modi's prime ministerial victory was widely considered priced in to Indian equities. But as investors look forward, Matthews Asia's Sunil Asnani explains what the change of leadership could mean for the future.

Election impact For investors who may be wondering how the election results could impact investment allocations to India, let us first consider each of India’s past three similar elections. Medium-term returns resulting from those elections differed substantially from the initial market reaction, signifying that long-term investors should not attempt to predict the unpredictable. Also, global macro factors add another layer of complexity, making it extremely tricky to invest based on such analysis. However, despite these hard-to-predict events, solid businesses, such as those wi...