1. Greed and Fear report: BJP to win Gujarat election 2017; CLSA Chris Wood predicts this about Modi, GST, jobs

Greed and Fear report: BJP to win Gujarat election 2017; CLSA Chris Wood predicts this about Modi, GST, jobs

Gujarat election 2017: In a big thumbs up to Narendra Modi and Amit Shah-led BJP ahead of high-octane political battle in Gujarat, CLSA Chris Wood has predicted a win for the saffron party.

By: | New Delhi | Updated: November 24, 2017 1:59 PM
gujarat election 2017, bjp gujarat win, narendra modi, clsa chris wood, chris wood on modi, Greed & Fear report, greed and fear report Chris Wood predicts that PM Modi would likely shift attention to creating jobs in the next 18 months.

Gujarat election 2017: In a big thumbs up to Narendra Modi and Amit Shah-led BJP ahead of high-octane political battle in Gujarat, CLSA Chris Wood has predicted a win for the saffron party while the Congress is likely to pay the price for committing a strategic political blunder. In his weekly newsletter, Greed & Fear report, Wood wrote that the BJP is likely to emerge victorious in the upcoming assembly elections in the state for the sixth consecutive term. However, the saffron party may lose some seats as compared to 2012, he said.

On Congress’ chances in the state assembly polls, Wood said the Grand Old Party has committed a blunder by fighting the election against BJP on national issues like GST and Demonetisation in the state. Wood said the Congress party would have been “better advised” to have fought the polls on local, state-centric issues where the ruling chief minister (Vijay Rupani) would be “vulnerable.”

The two-phase elections in the state will take place on December 9 and December 14, while the counting will be held on December 18. Prime Minister Narendra Modi is scheduled to hit the campaign trail the in the state on December 27, while Congress’ campaign is being led by soon-to-be party president Rahul Gandhi.

While the opposition Congress is targeting ruling BJP on the “poor” implementation of Goods and Services Tax, Woods said all troubles arising out of GST would be sorted out in the next six-twelve months. Hence, the investors should ignore “short-term noise” and focus on long-term benefits.

Wood predicted that PM Modi would likely shift attention to creating jobs in the remaining 18 months of his first term if his position gets cemented.

A win in Gujarat will play a huge role in cementing PM Modi’s position and also improve his chances in the 2019 General Elections.

According to Wood, ramping up the affordable housing policy would be the “most important” for job growth. Some other areas from where jobs are likely to be generated include road building and textile, said the report.

Wood said housing and infrastructure sector would drive the economic activity for the next 18-months of Modi rule. Wood expects the interest rates would be further cut by the RBI in 2018.

  1. S
    Shetty
    Nov 25, 2017 at 9:19 pm
    Govt has decided about this demonitisation and GST in parliament itself with everyone presence of parties but why they are against it when election comes near ...!!
    Reply
    1. Katta Reddy
      Nov 25, 2017 at 11:15 am
      It is true congres party has chosen GST and demonetisation as poll strategy against Modi BJP instead of concenytating on state issues with development where state govt failed due to negligence of administratiin and corruption. On the whole people supported demonetisation and GST too with some reservatiins which are natural for any long term refors fruits of which never come overnight but with correctiins with feed back from country. Congress nie in the hands of a primary school stage of leadership though there are many university faculty but unfortunately congress feels it can not survive minus Nehru Indira DNA! Ofcourse late PV Narasimha had proved that it was a myth but he was harassed humiliated not only in his living life but also after death. Congress at cross roads bit surviving in some pockets but not by top leadership at Delhi but by the sincere and dedicated cadre in the prriphery like Punjab cadre and in the past by late YSR Reddy of former AP who defied Sonia
      Reply
      1. Jayesh Sheth
        Nov 24, 2017 at 2:34 pm
        this is the first time happen that credit rating agency decide who will won gujarat election.Because it is a prestige of Modi,on devlopment it is difficult to win for bjp.because last 3 years doesnot make any progree from india.But modi manage to credit rating agency.And there is no strong opposition so they have one more benefit.
        Reply
        1. R
          roahn
          Nov 25, 2017 at 2:17 pm
          I am also against bjp but we can’t rule out that development happend in these 3 years . There is development n yet to have come
          Reply

        Go to Top