market commentary
market views
  • The magnitude of BJP's electoral loss in the state of Bihar is likely to embolden the opposition, making it difficult for the Modi Government to carry out critical legislative reforms like GST bill. Having said that, it may also result in a realization for the ruling party that it would have to soften its stand and build broader political consensus to provide positive impetus to policy making. In fact, most of the actions needed to revive the economy are in the executive domain and with one of the most important state election behind us, pace of government action is likely to pick more
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