Now, sample polling is an inexact science, and such polls often do go wrong, but if our stock market bulls need a reality check of sorts, it’s on the state of the economy. A stable government with a clear agenda is good for economic growth. But this alone is unlikely to be enough to get India’s economy back to the pace of growth experienced before demonetization. Notwithstanding concerns over the reliability of the calculation, India’s GDP growth slowed to 6.6% in the last quarter of 2018, the lowest rate in more than a year. As economist John Maynard Keynes said, the “animal spirits" of confidence and hope play a positive role in an economy.

Source: Mint May 20, 2019 17:15 UTC