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The fortnight’s burning question.

Bibek Bhattacharya | Print Edition: Nov 4, 2007

The fortnight’s burning question.

Will mid-term general elections affect the overall India growth story?

No. Habil Khorakiwala, President, FICCI
The recent rally in the stock market indicates a de-coupling of the Indian economy from the political processes and related uncertainties. Mid-term polls will certainly be an unnecessary cost to the nation, but it is unlikely to have any major impact on growth.

No. Abhishek Singhvi, MP and National Spokesperson, Congress
The content and direction of economic reforms in India is sufficiently deep-rooted to become election-proof. So, regardless of who’s in power, the process will carry on unhindered. Political turbulence is not the quicksand on which the pillar of Indian economy rests.

No. T.K. Bhaumik, Chief Economist, Reliance Industries
The good thing about the Indian economy right now is that it is sufficiently insulated from political shocks. The industrial and financial services sectors, which are the high performing sectors powering growth, won’t be affected by midterm polls.

Compiled by Bibek Bhattacharya

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