Recent data suggest that India’s economy ended FY 2015 on a high note and likely grew at the fastest pace since FY 2010. Industrial production rebounded in February and the PMIs signaled improving economic conditions in March. The key to maintaining strong growth momentum going forward lies in enacting meaningful economic reforms, however, resistance in Congress has curtailed momentum. The ruling BJP and its allies do not hold a majority in the upper house—a roadblock to passing key legislation. Against this backdrop, four states and one union territory are holding elections in April and May, with results due on 19 May. While wins for the government or its allies will not shift the balance of power, the elections serve as a barometer for the government’s popularity. 17 seats in the upper house from these states will come up for re-election by the end of 2017.
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