Post-Election Prognosis of the Regulatory Landscape in India for Fund Managers
India, the largest democracy in the world went into general elections in May 2019. The outcome of the election was a landslide victory for the incumbent government.
The first budget of the Modi 2.0 government was presented in the backdrop of prevailing challenges being faced by the economy such as economic slowdown, glut in the real estate sector, growing stressed and non-performing asset situation with respect to banks and non-banking financial companies. The budget sought to address a number of the issues concerning the Indian economy and several of these initiatives have been already implemented and some remain a work in progress. This article seeks to provide a snapshot
of the regulatory reforms being undertaken specifically which impact the asset management industry in India.