Resumen de Political change in India could prove shot in the arm for mineral industry
Prime Minister [Narendra Modi] has a track record of promoting economic growth. Before becoming Prime Minister of India, he was chief minister for the state of Gujarat for over a decade. During that period, Gujarat's gross domestic product (GDP) outperformed other states due largely to his policies, which have been dubbed "Modinomics" by commentators.
"Agriculture is the engine of India's economic growth and the largest employer, and BJP commits highest priority to agricultural growth, increase in farmer's income and rural development," the party said.
"We are forecasting Indian GDP to rise to 5.3% in 2014, 6.1% in 2015 and 6.2% in 2017 - only time will tell whether Modi can translate what he has achieved in Gujarat across the rest of India," the bank said in recent research note.
