Forbes (August 22)
Steve Forbes urges India’s new Prime Minister Narendra Modi to first create a “sound and stable currency” through disciplined monetary policy that initially includes a dollar or euro peg. Among his other tips: “Simplify the tax code with a low-rate flat tax” and “Be extremely cautious in attacking subsidies, especially those that benefit the poor, until the economy is in a true boom.”
Tags: Currency, Dollar, Economy, euro, Flat tax, India, Monetary policy, Narendra Modi, Peg, Poor, Steve Forbes, Subsidies, Tax code
Institutional Investor (May 15)
Voting in India took five weeks and the results won’t be announced until tomorrow, but the stock market has already rallied, which “suggests investors anticipate a solid victory” for Narendra Modi’s business-friendly National Democratic Alliance (NDA). Exit poll projections are notoriously unreliable and this year “several factors heighten the uncertainty,” especially the fact that “of India’s electorate of 814 million, fully 150 million were eligible to vote for the first time.”
Tags: Electorate, Exit poll, India, Investors, Narendra Modi, National Democratic Alliance (NDA), Projections, Rally, Results, Stock market, Uncertainty, Victory, Voting
