Policy continuity for strong economic growth, Nomura says [Video]

Optimism in India’s growth shows little signs of slowing, but policy continuity will be crucial if it wants to see strong growth in the next five years, Rob Subbaraman, Nomura’s chief economist and head of global markets research Asia ex-Japan, said. 

“The Modi administration in Modi 2.0 has done a very good job,” Subbaraman told CNBC last week, referring to the fact that Modi and his ruling Bharatiya Janata Party have won two terms in office since 2014.

India’s elections are underway and Modi is widely expected to win a strong mandate for a third term in office.

Nomura has projected that India’s economy could grow by an average of 7% in the next five years — if the current policies driving growth stay in place, Subbaraman said on Friday.

That projection is much higher …