The Gujarat elections and the Indian economy4 min read 12 Dec 2017, 07:24 AM IST
The Gujarat model of development is capitalism with Hindutva characteristics. And the Gujarat elections are a test of the resilience of this model under strained economic conditions
The Gujarat elections are being held against the backdrop of a sluggish Indian economy. The latest Purchasing Managers’ Composite Index, a snapshot of private sector activity, came in at a low 50.3 for November—a level below 50 indicates contraction from the previous month. While the gross domestic product (GDP) numbers for the September quarter showed a bounce, part of that is statistical, the result of a lower base.
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