Asian Legal Business, September 2014
India’s recently elected BJP government, led by the charismatic Narendra Modi, is expected to create a more business-friendly environment that will further support confidence and investment, with many predicting the worst may be over for the Indian economy.
“The new government has changed sentiments of both foreign investors and Indian corporates,” says Nishant Parikh, partner at Trilegal law firm in Mumbai, “there is a general feeling that a big upswing in the economy is around the corner.”
With an image of an industry-friendly leader, Modi had already proved his credentials during his 12 years as the chief minister of India’s highly prosperous Gujarat state. The resounding victory that his party achieved in the country’s May general elections has made investors even more excited. - read more -
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