Political optimism over Modi outweighing the gloom on the economic front

India watchers can be excused for turning schizophrenic. How else can they be expected to react, if, virtually simultaneously, they are presented with two wildly divergent views on the future prospects of the India Growth Story? On the one hand, one had a significant new report from investment bank Goldman Sachs, ‘Modi-fied’ its stance on India, upgrading it to marketweight (investment grade), on the premise that a possible win for a Narendra Modi-led BJP will result in a turnaround in sentiment — and an to 10 per cent jump in stock prices.

Read Full Story>>