India is unpredictable. This is an incontrovertible fact Indians themselves seem to have forgotten over the past decade. Ever since Prime Minister Narendra Modi stormed into office with an unexpected and unprecedented outright legislative majority in 2014, many have assumed the country’s politics had changed forever. The age of coalitions was over; India seemed to be heading inexorably toward one-party dominance.
To stock traders and pro-government pundits, the country’s trajectory seemed so clear: It was destined to see steady 8 per cent growth, happy voters, and a prime minister going from strength to strength at home and abroad.
Loading...
Bloomberg Opinion
Mihir Sharma is a Bloomberg Opinion columnist. He was a columnist for the Indian Express and the Business Standard, and he is the author of Restart: The Last Chance for the Indian Economy.
