Rajendra Nair at JPM

What does a Modi victory mean for investors?

India is a country that lends itself to superlatives as a result of both its size and complexity. With a population of 1.3 billion people, it’s poised to move from the second to the most populous country in the world within a decade.

It is the sixth-largest economy globally, and yet in assessment year 2015-16 only 1.7% of Indians paid income tax. In other words, India is huge and yet still has much room to develop.