India’s macro advantages are independent of government: MUFG Bank report

Arguing that a weak coalition government either led by the BJP or the Congress will not lead to massive macro risks but instead will lead to more meaningful policy changes, even though it will create short-term market mayhem, a foreign brokerage says that some things will not change in India as most of the good things here are independent of the government of the day.

In a weekend report, analysts at the largest Japanese lender MUFG Bank, said, “While market sentiment will no doubt take a sharp hit in the event of a change in government or a weak coalition, it’s important to remind ourselves that many good things are going for India that are independent of the government of the day.”