Narendra Modi’s Election Losses and New RBI Chief Raise Populism Risk- Karan Arora Mohali

Narendra Modi took two big blows in less than 24 hours. Investors should worry less about the bruises, and more about what he might do to recover from them before next year’s general elections.

The first knock came on Monday evening when besieged Reserve Bank of India governor Urjit Patel abruptly resigned. Although he cited personal reasons, nobody is in any doubt that it was New Delhi’s incessant harassment that led to the monetary chief’s early exit. Team Modi, it appears, is out to ..

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