India’s ‘Modi Wave’ May Lose Momentum

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

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