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Friday, March 10, 2017

BJP's anti-corruption drive may continue: Citi

Surendra Goyal of Citi says since there are no further state elections in 2017, the BJP might be emboldened to carry on with its anti-corruption agenda and even push for more contentious reforms like labour reforms.

Surendra Goyal of Citi says if BJP is able to win UP then the setback in Punjab will not be overly concerning.

It will assure the ruling party that the policy thrust of the government is touching the right chords and the gamble of demonetisation didn't cause much political damage, it feels.

Goyal says the crucial balancing act between reforms and popular policies to catch the mind space of poor voters will not need much course correction. In fact, since there are no further state elections in 2017, the BJP might be emboldened to carry on with its anti-corruption agenda and even push for more contentious reforms like labour reforms.
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