Can Modi's momentum continue?

Can Modi’s momentum continue?

Kunal Desai, manager of the Neptune India fund, assesses whether the most recent state elections in India will help the country's new Prime Minister to maintain his important reform agenda in 2015.

The ruling BJP party in India, led by Narendra Modi, made large gains in important state elections last month, which were seen by many as a referendum on the progress of the Modi administration. In the state of Maharashtra, which is India’s largest state in terms of output with Mumbai as its capital, the BJP emerged as the single largest party and will form the next state government. Meanwhile, in the state of Haryana, with a population greater than Australia, the BJP won a convincing majority, with 47 seats out of 90. Executing reforms While Modi’s BJP won a stunning majority in th...