Leads from the provincial election indicate a left of centre, Common Man's Party (AAP) winning the Delhi provincial elections. It has seized the main opposition party's vote banks. Congress and the ruling BJP both seem losers.
The impact of this will be a slow down in structural reforms. It is a message for the current Government to be really inclusive in social and economic terms.
On economic reforms, given that the Government has not done much and cannot do much in the wake of its not having a real majority in the upper house (through which amendment bills have to go through) .
The Congress, the main opposition party seems to be over.
The Great Recession and its Phase II is seeing political economy change from Greece to Delhi : left of centre. Market economics is causing unemployment.
Without any risk or responsibility.
The impact of this will be a slow down in structural reforms. It is a message for the current Government to be really inclusive in social and economic terms.
On economic reforms, given that the Government has not done much and cannot do much in the wake of its not having a real majority in the upper house (through which amendment bills have to go through) .
The Congress, the main opposition party seems to be over.
The Great Recession and its Phase II is seeing political economy change from Greece to Delhi : left of centre. Market economics is causing unemployment.
Without any risk or responsibility.
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