In this latest episode of the BritChamSG podcast, we hear from Chamber members Control Risks as they unpack the 2024 India Election Results. Join us for a conversation between Control Risks’ Angela Mancini, Partner and Head of Global Risks Analysis APAC and Amit Narayan, Partner and Head of South Asia as they outline what the Indian election results mean for government, businesses and the international community.
While Prime Minister Modi’s Bharatiya Janata Party (BJP) has secured the election victory, Amit outlines why the margin of victory has deviated from the predicted landslide outcome. Even though this would be Prime Minister Modi’s first time navigating a coalition government, Amit also emphasises that this is not a radical shift in Indian governance but a slight adjustment. The BJP still has the mandate to fulfil its promises to its people and its governance manifesto.
Amit also addresses the concerns around potential shifts from Prime Minister Modi’s pro-business and pro-multilateralism stance. He shares how the Indian government might pivot to finessing the minutiae on policy and regulations rather than broad transformation changes, which may yield more opportunities for businesses. As China moves up the value chain, India may also realign its trade relations and seek to fill the manufacturing opportunities from its neighbour. India may also take a wait-and-see approach to engaging with the West as the UK, US and Europe find their way through the election season.
Listen to the full episode to discover the opportunities and challenges arising from the Indian elections, and how your business can rise above India’s new wave of governance and policy.
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