NEW DELHI: Given BJP's Prime Ministerial candidate Narendra Modi's track record of an impressive performance on the economic front, a BJP government at the centre in 2014 will be good for market sentiment, believes Alastair Newton, Senior Political Analyst at Nomura . However, Newton admitted to the problems of a coalition government in India, stating that it is difficult to push structural reforms. "The caste-based and regional interests of some parties serve as a hindrance," he opined. In an interview with ET Now, Newton said that the state elections will be a litmus test for all political parties, especially the BJP. "The state elections results will be important to BJP and its Prime Ministerial candidate Narendra Modi," Newton said. "A good solid performance by BJP will help give them a good platform to move forward to general elections," he opined. According to Newton, BJP is likely to retain its governments in the states of Chhatti...
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