Indian Macros – Crouching Tiger!
Indian macros have reached a point where they look like a crouching tiger ready to jump and sprint. However, for economic energy to attain velocity, from the motionless state of the last few years, the Indian government will have to provide the stimulus in the form of structural reforms to enable entrepreneurs to thrive.
Earlier in April 2014, in the macro report, titled “Final Inflexion Point”, we mentioned that necessity is the mother of invention and that the Indian economy was crying out for structural reforms. Narendra Modi‟s party, the Bhartiya Janata Party (alias BJP) won an absolute majority paving the way for reforms. It is well known that Prime Minister (PM) Modi is a pro-business leader, who wants to create the right atmosphere for entrepreneurs to thrive and to revive GDP growth to a higher level.