Can India overcome its bureaucratic enemy?

Madhav Bhatkuly, manager of the GAM Star India Equity fund, explores whether India's aims to slash red tape and install new trading laws across districts will be enough to ensure business productivity remains on track.

The Indian stock market has faced a difficult time in 2015. Firstly, the market grappled with outflows as investors' allocated money to China in preference of India. Secondly, a headline-making tax dispute with investors and large foreign corporates provided a welcome excuse for some profit-taking following the massive rally on the back of Prime Minister Narendra Modi's election win last year. Modi's reform ambitions and efforts have been widely discussed, both prior to and after his coming into power. Understandably, nitty-gritty progress on the bureaucratic and administrative front ...