India's macros restored quicker than expected: BNY Mellon

Foreign investors eyeing Indian shores continue to track the government's reforms agenda keenly. But has the government done enough or is the BJP government's charisma waning is the big question here.

Simon Cox, MD and investment strategist, BNY Mellon, says he did not have much expectation from the government unlike other foreign investors. He feels the country's macros have restored quicker than expected after the taper tantrum of 2013. "Inflation has come down, the current account deficit has narrowed, but the structural reforms momentum has been slow," he says.

Going ahead, he hopes the government will streamline administration and implementation without making any legislative changes.