BJP Power INDIA

When Narendra Modi stormed into power in 2014 by winning Lok Sabha election with a massive mandate, he delivered a strong message: “We are not here for any positions but for a responsibility”. Though some may say that the Modi Sarkar has failed to deliver on what it has promised, there are few things that are hard to ignore even by his strongest critics and opponents: like his style of governing has resulted in more foreign direct investment, improved global relations, removal of bottle-necks for doing business, corruption free governance, direct subsidy payments, coal and telecom auctions, and much more. In the wake of recent spate of events, including the rising intolerance debate and the Opposition calling the Centre an all talks and no action government, take a look at below examples that show how Modi’s ministers are fairing: Piyush Goyal, Minister of State with Independent Charge for Power, Coal, New, and Renewable Energy thehindu He recently launche...

CLSA highlighted a wave in favour of Narendra Modi as one of the probable reasons for BJP winning 202 seats in the 2014 election. Photo: Mint New Delhi:  Opinion polls may be unreliable, but the markets favour the main opposition Bharatiya Janata Party (BJP) over the Congress party-led United Progressive Alliance (UPA) government to win next year’s general elections, Hong Kong-based securities house CLSA Asia-Pacific Markets said on Monday. “It is clear that the market favours one outcome over another. It is their right to do that,”  Christopher Wood , equity strategist at CLSA, told reporters at the CLSA India Forum in New Delhi. The brokerage, in a presentation, also projected the state-wise performance of BJP and the probable reasons for it securing 202 seats in the 2014 election: a wave in favour of the party’s prime ministerial candidate  Narendra Modi ; the appeal of Modi to urban voters; anti-incumbency; polarization; and the strong performance of BJP st...

Just a month after investment bank Goldman Sachs upgraded Indian equity markets on hopes of a Narendra Modi-led BJP forming the next government, leading foreign brokerages CLSA and Credit Suisse too see prospects of significant gains in the market the run-up to the general elections early next year. The assumption is that the new government will act in a decisive manner and introduce bold new reforms. AFP For instance on November 10 Christopher Woods, chief equity analyst at CLSA Asia-Pacific markets said, “The forthcoming Indian elections is going to be the most important political event for investors in Asia next year. The perception of investors is that the investment cycle in India is partly driven by government policies and changes.” The brokerage has added one more percentage point to the small India overweight in the Asia Pacific ex-Japan relative-return portfolio primarily  because of the potential catalyst provided by the forthcoming state elections. “It certai...

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...