Modi-fied or not?

A lot has been written and said about Narendra Modi and every aspect of his leadership in national and international media in recent months. Riding on the back of three successful stints as chief minister of a state with an extremely enterprising populace and the anti-incumbency factor, Modi is widely seen as the man forming and leading the next government at the center. With a few weeks left before 814 million people vote in one of the biggest electoral exercises in the world that will last for over a month, the BJP has gone on an overdrive to highlight Modi’s meteoric rise with most of the advertising for the elections centered on the man and his pro-development and pro-business image. The markets, driven more by sentiment than by fundamentals at this point in time, have touched new highs and are already factoring-in a Modi-win. Small and medium enterprises, which were hit hard during the global economic meltdown and are still reeling under the after-effects of its collapse, are riding out the last few months of a government plagued by policy paralysis in the hope that business will receive a stimulus once a new regime takes over. Continue reading

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