As the Modi government enters the fourth year, the economy is in a much better shape. In the emerging markets, India is in a macro sweet spot.
Stock and currency markets are set for a volatile opening tomorrow on concerns over RBI chief Raghuram Rajan's abrupt no to a second term while the upcoming Brexit referendum may add to the worries of investors from India and abroad.
Fiscal consolidation will be on top of the government’s agenda since it is expected to play an important role in containing inflation.