ONE could reasonably ask, 'What does India's election have to do with us?' Ostensibly, nothing. Yet, I see a lot of issues and lessons that are not exactly applicable but have points and lessons that are relevant to us, especially in the interplay between the economy and politics. The lessons include inclusive growth, minority rights and sacrifice among the underdogs are often critical to curbing the majority.PM Modi was coming off two successful terms and had an absolute majority.
Sound familiar? Wonder why PNoy's party hasn't won an election since the midterm of his presidency? There was also a view, whether justified or not, that the economic program planned by his allies would be similar with potentially the same skewed result.Then there are minority rights. PM Modi is a fervent Hindu and has been quite active in pushing a Hindu first agenda.
Source: Financial Digest (financialdigest.net)
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