Insight
Where is India’s economic policy heading after the election?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
• We expect India to continue prioritising the infrastructure and manufacturing sector for the next five years, following the swearing in of Narendra Modi as Prime Minister for another term. • Fiscal support for railways, roads and affordable housing will accelerate. • The government will carry on with the “Make in India” initiatives. Subsidies will flow to critical sectors including autos, electronics and battery manufacturing. Meanwhile, trade barriers on competitors will rise to protect domestic industries. • The economic policy trends should lead to booming demand for commodities, including steel and coal. The country will also make efforts to promote renewable energy and establish its carbon market.
Table of contents
- Executive summary
- The new government’s ability to push forward its policy agenda
- A continued focus on infrastructure and affordable housing
- Make in India initiative to carry on
- Implications for energy and natural resource sectors
Tables and charts
This report includes the following images and tables:
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Fiscal expenditures for railway, road and affordable housingIndia's key import originsIndia's key export destinationsIndia’s primary energy demand breakdown by fuel, 2023
What's included
This report contains:
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