9/13/2014

PM Modi's 100 days: India is now the world's best growth market bet, says rating firm Maplecroft - Economic Times
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Youarehere: Home > Collections > India

PMModi's100days:Indiaisnowthe
world'sbestgrowthmarketbet,says
ratingfirmMaplecroft

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VikasDhoot,ETBureau Sep9,2014,08.00AMIST

Tags: PMModi's100days

NarendraModigovernment

NarendraModi

Modi

Maplecroft

LashkareTaiba

AlQaeda

NEWDELHI:Astopministersextolthegovernment's100
dayperformance,aleadinginternationalriskratingfirmhas
toldglobalinvestorsinaconfidentialreportthatIndiaisnow
theworld'sbestgrowthmarketbetastherisksofdoing
businessinthecountryhavedeclinedwiththeNarendra
Modigovernmenthavingcompleteditsfirstquarter.

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Modistylegovernancebodeswellforinvestorswhocanexpectpolicyclarityandlessredtape,said
MaplecroftUK'sriskanalystsinaratingnotesentlastweektoclients,whichincludetheworld'stop400
globalcorporates,apartfromfinancialinstitutionsandthinktanks.EThasseenacopyofthereport.
ThefirmhasrankedIndiaatNo.1intermsofeconomicopportunitiesforinvestors,whoseinterestinthe
countryhasspikeddramaticallysincethegeneralelections.OfficialsclosetothedevelopmentsaidIndiahas
nowbecomethefifthmostrequestedcountryintermsofriskandopportunityreportsfromratingagencies
andriskmappingfirmssuchasMaplecroft.
RisksrelatingtoIndia'scomplexregulatoryframework,redtapeandmacroeconomicenvironmenthave
begundecreasingalready,alongwithseveralothercriticalriskssuchasregimestabilityandsecurity,
accordingtoMaplecroft,whichexpectsModitopresideoverimprovementsinjobcreation,theruleoflawand
anticorruptionmeasuresduringhisfiveyearterm.
"Thegovernment'sstabilitymeansthatinvestorswillbenefitfromclarityofpolicyandaregulatory
environmentthatislargelyconducivetobusiness.Inthecomingyear,severalsectorsincluding
manufacturingandenergyarelikelytoseelimitsonforeigndirectinvestmentincreased.
Furthermore,delaysassociatedwithapprovalofinvestmentlicencescanbeexpectedtoshorten,given
PrimeMinisterModi'songoingeffortstooverhaulbureaucraticprocedures,"ArvindRamakrishnan,headof
IndiaatMaplecroft,toldETwhencontactedaboutthereport.
ThechangeinthenarrativeisreflectedintheGlobalGrowthOpportunitiesAtlas,whichranksIndiahasthe
hottestgrowthmarket,toppingtheworldintermsofconsumerpotential,marketpotentialandmiddleclass
growthprojections.ThoughIndiaranksamongthelowhundredsonkeyenablingfactorstorealiseitsgrowth
potentialsuchasphysicalinfrastructurebusinessenvironmentandhumancapitaldevelopment,Modi's
explicitfocusontheseareasisexpectedtoturnthetideinthemediumterm,thereportnoted.

http://articles.economictimes.indiatimes.com/2014-09-09/news/53730726_1_pm-modi-narendra-modi-prime-minister-modi

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9/13/2014

PM Modi's 100 days: India is now the world's best growth market bet, says rating firm Maplecroft - Economic Times

SPOTLIGHT
What'sCooking?

Accordingtothefirm'sanalysisoftheJuneAugustperiod,threatperceptionsforinvestorshavedeclinedin
areassuchasenergysecurity(shortterm),labourrelatedsupplychainrisks,remittancesandeurozone
exposure.OnModi'sabilitytotacklethe"endemicandinstitutionalised"corruptionthatMaplecroftsaidhas
hamperedindustrialproductionandthedevelopmentofinfrastructureandnaturalresourcesinthepastfive
EconomyCheck
years,thefirmiscautiouslypositive.
"NarendraModihaspromisedtocleanupgovernancebycrackingdownoncorruption,andexpedite
approvalsforinvestmentprojects.Modiislikelytoachievesomesuccessinthisendeavouratthenational
level,'itsaid,onlytoaddthatnepotism,pettybriberyandotherformsofcorruptioninstategovernments
remainamoderaterisk.
ThefirmdownplayedconcernsaboutcommunaltensionsarisingunderModi'swatch,sayingthereislittle
signhewillresorttopoliciesthatalienatereligiousminorities,suchasamendingreligionbasedfamilylawsor
restrictingquotasforminoritiesinjobsandeducation.

Blocked Arteries?

B.S. Degree in Business

Fusionfoodsplayingakeyrolein
restaurantmenus

JulyIIPat0.5%AugustCPIdips
clinlife.com/Atherosclerosis
marginallyto7.8%

Indianfoodservicesindustryhasseenasteady

monthofJulycameinat0.5%versusarobust

growthinpastfewyears&willgrowinnext5
years.

"Modirealisesthatpursuingdivisivepoliciescouldresultinalossofpublicandinvestorconfidenceinhisability
3.4%inJune.AnETNowpollhadestimated
tomaintainsocialharmonyandastablebusinessenvironment,"Ramakrishnansaid.
IIPtobeat1.9%.

info.ufonline.ufl.edu/BusinessAdmin

Learn more about a Research Study for Heart From Top Ranked Univ. of Florida. AACSB
AsperNationalRestaurantAssociationofIndia, TheIndexofIndustrialProductionforthe
Related Conditions.
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Dunkin'DonutslaunchesBengaluruoutlet
firstinSouthIndia
Bislerientersenergydrinksegmentwith
caffeinefreeURZZA

Sowingpicksupasraindeficitnarrowsto
AlQaeda'sIndiaexpansionannouncedbyAymanalZawahirilastweekisunlikelytoraiseterrorthreatlevels
11%from13%lastweek
forthecountry,Maplecrofttoldinvestors."ThereislittleevidencethatgroupsliketheLeT(LashkareTaiba)
Augustretailinflationeasesto7.8%oncheap
andIM(IndianMujahideen)sharetheAlQaeda(AQ)visionofaglobalcaliphate.LeT'sprimaryraisond'etre
veggies,fuelcost
continuestobethe'liberation'ofthestateofJammu&KashmirfromIndianrule.IMdoeswantIslamicrulefor
allofIndiabutdoesnothaveglobalambitions,"thefirmsaidinaseparateadvisorytoclientsissuedlast
Thursday.

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