The politics of economics

Politics and economics are closely interconnected in any democracy. So it is perhaps no surprise that foreign brokerages and rating agencies are calculating how India’s political future — now that we are just months away from a general election — will determine its economic prospects. Goldman Sachs has made headlines for linking its bullish prognosis — upgrading the rating on Indian equities from ‘underweight’ to ‘marketweight’ — to the possibility of a “business-friendly” BJP government led by Narendra Modi.

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