For the first time in three decades, the Bharatiya Janata Party (BJP) has won so many seats (282 out of 543) in India’s recently-concluded general elections that it can hope to be in office for the next five years without the support of another political party. Not only does that give the BJP an unequivocal mandate for change, but also, it allows the right-of-center party to adopt a long-term perspective while making policy decisions. Most Indians are jubilant, the stock market has shot up by 20%, and, in the week after the results were announced, the Indian rupee appreciated the most among 78 currencies that Bloomberg tracks.
A Crossroads for India, and Its Business Landscape
Narendra Modi could kick-start India’s economy — and position it to compete with China.
May 23, 2014
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Learn how to overcome barriers when working globally.