0843 GMT [Dow Jones] Investors are too optimistic on the ease of reform in India, says Deutsche Bank. "The unpopularity of any harsh monetary and/or fiscal measures might reduce the new administration's appetite and ability to enact more complex structural reforms," it says. Deutsche Bank says the opposition still commands an overwhelming majority in the upper house of the parliament until 2016 at least, and can exercise an effective power of veto. It says the new government may not be able to muster enough political will to overcome the opposition from vested interests to carry out a "root and branch" reform of the corporate sector. "The reforms that would make the most difference to equity investors over the medium and long term do not yet really appear to be on the agenda," it says. (jacky.wong@wsj.com; Twitter: @jackycwong)
(END) Dow Jones Newswires
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May 23, 2014 04:43 ET (08:43 GMT)
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