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The probability of a new government arriving on the scene and clearing the financial mess created by the existing one is now getting bleak for all the unclear reasons.
Something that was expected by the most number of investment experts - run up to the parliamentary polls can bring back confidence of the investors back into Indian markets, seems going bust as the elections near. The probability of a new government arriving on the scene and clearing the financial mess created by the existing one is now getting bleak for all the unclear reasons. Maybe one is the leeway of no major political party turning up with complete majority; even the Bhartiya Janata Party (BJP) led National Development Alliance (NDA).
It was a conviction that a new pro-market government (read NDA), which would not mind much before clearing the long existing roadblocks from the pathways of development and hence, the equity market was flooded with money in the last few months, even though fundamentals remained unaffected.
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