Six months ago, Subhash Desai walked through Mumbai’s congested streets imploring residents to vote Narendra Modi’s Bharatiya Janata Party into power. Now he’s telling them the opposite.
Bickering over seat-sharing prompted Desai’s Shiv Sena party and now-Prime Minister Modi’s BJP to end a 25-year alliance in Maharashtra, India’s second-most populous state and the home to its financial capital, which heads to the polls on Oct. 15 along with Haryana, a state in northern India. Desai called it “a betrayal” by the ruling party.
“The BJP’s leadership seems to lack the foresight required for long-term policy making,” Desai, a candidate for Shiv Sena in the state elections, said in an interview this week while on the campaign trail. “The BJP will be isolated if they break friends at this pace. Today it won’t matter as they are good days for them, but in bad times they’ll need us.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.