“Worse the sense of crisis the better Modi’s chance of winning”


Ahmedabad, 23 August 2013

International brokerage CLSA today said that the current financial crisis in India could be a catalyst for Gujarat Chief Minister Narendra Modi’s victory in the 2014 general elections.

Christopher Wood of CLSA in his recent column wrote, “Greed & fear’s view is that the worse the sense of crisis the better Modi’s chance of winning.”

“The Indian stock market’s greatest hope is the emergence of Gujarat Chief Minister Narendra Modi as the BJP’s prime ministerial candidate,” he added.