This week marks the start of the biggest democratic election in human history, at least if we mean by democracy a vote for a parliament. Around 814m Indians are eligible to vote over the next six weeks to elect a parliament from which a government will be formed in late May.
A victory for Modi is likely and that is making India’s business class beam. The Indian stock market has reached new highs. But India’s electorate is faced with a choice at a national level between a corrupt family-run party backed by big business and landholder interests and an extreme nationalist party that has adopted Modinomics to ‘solve’ Indian capitalism’s failure to deliver sufficient growth and better profitability. http://thenextrecession.wordpress.com/2014/04/06/indias-modinomics/
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
