UPA’s future tense

India has been undergoing much political churning in recent times, leading to heightened uncertainty, fluctuating business confidence and administrative stasis. India’s political risk ratings have been declining of late and now with the state Assembly polls successfully concluded a fresh political risk appraisal is in order. The short story is that the state elections have left the ruling coalition in New Delhi with increased stability in the short term but rising risks in the medium and long terms.

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