Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

Amitabh Dubey

Political Analyst, India Research
+91 99999 10781

Jon Harrison

Managing Director, EM Macro Strategy
+44 20 7246 7879

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India: On the road in Delhi and Mumbai – A political-economic divide emerges

Overview

A clear dichotomy was evident in a series of meetings we had in Delhi and Mumbai this week. Sentiment was upbeat in the financial capital, as investors, bankers and analysts felt that the Modi government is starting to move ahead with reforms and policy clearances. However, politicians and journalists in New Delhi voiced strong concerns over the bitter relations between the government and the opposition, and about the likelihood that the Bharatiya Janata Party will try to polarize...

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