Photo: MintMumbai: If you’ve invested in India, don’t shift your eyes from your screens for the next fortnight. On 8 February, the “accommodative” central bank is due to review interest rates as the global window for easing closes. On its part, the monetary authority needs to safeguard a recent inflation target, as well as its own credibility following Modi’s shock cash ban. Key among these is Uttar Pradesh, India’s most populous state that has contributed nine of 15 prime ministers. Uttar Pradesh also houses Modi’s political base of Varanasi, ground zero for India’s vast shadow economy that’s been hit by Modi’s cash ban.

Source: Mint February 01, 2017 03:47 UTC