India GST – Great Societal Transformation

India’s reform credentials have been questionable at best. The administration of PM Modi has fallen into the traditional trap of over-promising and under-delivering. While the introduction of the Goods and Service Tax (GST) doesn’t void all of those arguments, it does mark a significant structural improvement for India’s economy. We are shifting to a core long in Indian equities and moving to a long Indian rupee position versus the US dollar.

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