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Subject

Prospects for India in the fourth quarter.

Significance

Flustered by a stock market collapse and continuing currency depreciation, Prime Minister Narendra Modi's government will enter the fourth quarter with some trepidation. Like all emerging markets, India faces economic uncertainty, with growth slowing and foreign capital exiting. Little relief is forthcoming on the political and policy fronts for Modi's Bharatiya Janata Party (BJP). The only bright spot may be diplomatic outreach.

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