India’s ‘Modi Wave’ May Lose Momentum

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Dec. 24 (Bloomberg) -- As India prepares for nationalelections in May, what is being called the “Modi wave” seemsalmost unstoppable. Since naming Narendra Modi -- thecontroversial chief minister of the state of Gujarat -- as itsprime ministerial candidate, the opposition Bharatiya JanataParty has consistently topped opinion polls. Modi’s BJPdecimated the ruling Congress Party in recent state elections --a harbinger, many now believe, of the national outcome.

Before they start measuring drapes in Delhi ministries,however, “NaMo” and his friends might want to take anotherlook at those state results. They underscore not just Modi’sresurgent popularity -- but also its very real limits.