India's Pols May Be Turning Against Foreign BusinessSharon Moshavi
The recent cancellation of a $2.9 billion Indian power project was a huge blow to Enron Corp.'s global ambitions. It also could mark the beginning of a big shift in Indian politics. Many Indians were delighted to see a big U.S. corporation cut down to size. And by giving the ax to the project, the right-wing Bharatiya Janata Party (BJP) has put itself in a position to wrest power from the ruling Congress Party, which has led India for most of the 48 years since independence.
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