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Subject
Prospects for India in the second quarter.
Significance
Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) suffered a major defeat in Delhi elections in February, denting the party's perception of electoral invincibility. This has cast a shadow over Modi's economic agenda just when investor pressure is mounting for 'big bang' reforms. Nonetheless, signs of economic recovery -- visible in the uptick in GDP growth, moderating inflation and strengthening balance of payments -- promise the government room for manoeuvre in the second quarter of 2015 (the first quarter of fiscal 2015-16).
Keywords:
economy,
international relations,
politics,
foreign policy,
government,
growth,
infrastructure,
reform,
India,
AP,
China,
Russia,
PROSPECTS Q2 2015
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2015
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