On 2nd of September, millions of workers in India were on strike to protest against Prime Minister Modi's economic reforms.

Anbound’s chief researcher, Chan Kung is of the view that, judging from current situation, Modi’s reform will not make any progress in the short term and the market space released will be limited.

The India’s export market is affected by the global economy which in turn affects its economic growth, which will not be as optimistic as it was predicted.

India’s domestic economy is mainly affected by the exchange rate. If the finance is in turmoil again at the year end, it will have a larger impact to India than to China as the banks will be more cautious on lending.

Overall, India’s economic growth will reach the same level as China’s in 2015.