There’s a 25% chance India will hold early general elections

Is the world’s largest democracy hurtling towards the next general elections?

There is a 25% probability it is, according to a report from global financial services firm Nomura. “We believe the political risk is currently under-priced (by the markets),” said the report released on March 21, before listing out the risks.

The Narendra Modi government’s term is scheduled to end in May 2019. However, over the last year, there have been murmurs that the next election could be advanced. In...

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