Election results in state will dictate Modi's reform agenda
A victory in Uttar Pradesh would be positive for both inflows and rupee in near term, says a Nomura strategist
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Mumbai
INDIAN stocks are leading gains in Asia this year, the rupee has recouped almost all its losses since Donald Trump's US election win and foreigners have pumped US$2.4 billion into the country's bonds and equities.
As investors wait for the results of one of Narendra Modi's biggest electoral tests since he came to power in 2014, there's a lot more at stake than just the political fortunes of a prime minister who disrupted the lives of Indians with the sudden withdrawal of 86 per cent of banknotes in circulation in November.
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