Narendra Modi’s UP victory will mark return of confidence to economy, markets
BJP's victory in Uttar Pradesh elections suggests that perhaps the party best able to manage the contradictions arising out of developing capitalism in India is the BJP
Narendra Modi’s historic win in Uttar Pradesh is precisely what the doctor ordered for both the economy and the markets. The name of this tonic is confidence. Confidence, more usually called “sentiment", is what drives the markets. Confidence, aka animal spirits, is also what often drives the economy.
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