Why Franklin Templeton isn't worried about polls affecting India's growth

Franklin Templeton is betting on banks, automobiles, consumer firms and software exporters to report good profit and revenue growth for the next few years

India’s biggest foreign-owned money manager expects the nation’s economic growth and company earnings to be insulated from national elections even as stock market volatility increases in the run-up to voting.

“Elections can only boost or dampen sentiment depending on the news flow, but they won’t massively impact the underlying earnings and economic growth of India,” said Anand Radhakrishnan, chief investment officer of equity at Chennai-based Franklin Templeton Asset Management India Pvt. “We will continue to invest in India’s consumption, infrastructure and reform story for the next 20 years,” he said at a press conference in Mumbai on Tuesday.

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