Simon Finch

A strong mandate for Modi would be best for markets in 2019

Despite disappointing state election results, India prime minister Narendra Modi’s focus remains on a successful general election campaign in 2019.

Following the Reserve Bank of India (RBI) governor’s surprise resignation on 10 December, India turned its attention to the five state elections, where about one sixth of the population cast ballots over the past month.

Ikea opening demonstrates India’s powerful consumer potential

The instantly recognisable blue box with yellow signage dominating Hyderabad’s IT hub landscape opened last week, marking Ikea’s first store in a country of more than 1.3 billion people.

Such is the burgeoning appetite for its universally sought-after selection of flatpacked furniture and home furnishings, one might ask – what Ikea so long?