The National Democratic Alliance led by Narendra Modi has been elected to power in India backed by a mandate for growth and to make the economy work. This result has roused expectations of an investor friendly Government and one that will get the investment cycle and confidence back on track. The ongoing opening up of more sectors to Foreign Direct Investment, tax reform and steps taken to ease doing business in India are likely to provide much opportunity in India. Against this backdrop, the presentation of the Union Budget in Parliament on 10 July by the Indian Finance Minister is being keenly followed across the world, and there are huge expectations.

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