21/05/2014
Analysts predict a considerable uptick in investor sentiment and a surge in foreign investment in India under Mr. Modi’s administration, partly because of the acceleration of growth and the ease of doing business in the state of Gujarat, where he was chief minister for 12 years. But what is driving much of the optimism is the B.J.P.’s ability to pass legislation in the Lok Sabha, or lower house of Parliament, without the need for coalition partners, who could have blocked policy changes that conflicted with their own interests.
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