11th September 2015
Aberdeen Asset Management: Recreating a tiger: making Indian infrastructure work
India is renowned for its assortment of wild and wonderful wildlife. The national animal is the majestic Royal Bengal Tiger but the country is also known for its eponymous elephant. The two animals are apt metaphors for the state of the country’s economy and politics over the last thirty years.
India has often shown its tiger-like qualities, for example, when it liberalised the economy in 1991 and more recently, following the election of Prime Minister Narendra Modi. At these times, the government proved it could enact wide-scale structural reforms to boost growth. In between, there have been periods of political inaction, corruption and economic stagnation, which have given the country the reputation of a lumbering elephant and perennial underachiever.

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