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Why India’s state elections matter for investors

Upcoming state elections could help determine the pace of economic reform in India over the coming years. A win for the BJP in Haryana could provide reassurance for state assemblies elsewhere that contentious reforms need not be electorally unpopular. What’s more, a win there and, in particular, in Maharashtra would put the BJP on course to secure a majority in the Rajya Sabha by 2021, which would remove a block to some national-level reforms.

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