Bijoy Sankar Saikia / ET
Assembly election is typically a state event in Indian democracy, but given the political permutations and combinations at the Centre and the challenge that the Modi government faces in mustering the numbers to not just reign but also rule, the Bihar outcome will hold much significance for the broader economy and the financial markets.
A BJP win can help catapult some key and urgent reforms to restore shrinking investor confidence, even though the outcome may not bring about any material change in the country's economic landscape in the immediate term. more
Assembly election is typically a state event in Indian democracy, but given the political permutations and combinations at the Centre and the challenge that the Modi government faces in mustering the numbers to not just reign but also rule, the Bihar outcome will hold much significance for the broader economy and the financial markets.
A BJP win can help catapult some key and urgent reforms to restore shrinking investor confidence, even though the outcome may not bring about any material change in the country's economic landscape in the immediate term. more
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