With a stellar performance in Karnataka elections , Prime Minister Narendra Modi has made his sceptics eat their words yet again.The saffron party’s success stood out because this was its first major victory in a key southern state under Modi’s leadership. The market will take cues from this victory and expect similar result in the general elections of 2019. It is something which foreign investors look at as a guide to the Modi administration’s performance in terms of its popularity. Any major reversal is not expected.”Karnataka, currently ruled by the Congress, is home to India's own Silicon Valley, Bangalore. He seems to want to keep a tight rein on policies.

Source: Economic Times May 15, 2018 09:35 UTC