"MODINOMICS"
India's election results on Friday could usher in the most profound economic change in a generation if opposition leader Narendra Modi wins a clear mandate for his agenda to revive growth and create jobs.
Modi has promised that, if elected, he would take decisive action to unblock stalled investments in power, road and rail projects to revive economic growth that has fallen to a decade low of below 5 percent.
Tax and labour market reforms, backed by a gradual opening up to foreign investment, would seek to create the 10 million jobs that Asia's third-largest economy must create every year to employ young people entering the workforce.
If Modi does fall short of a majority, he could face lengthy coalition talks with regional parties that might demand a high price for their loyalty and dilute his reform agenda.
Modi has retreated to his home base in Gujarat, where he will learn of the election results on Friday before flying to New Delhi for what could be a hero's welcome from party loyalists clad in the BJP's orange colours.

Narendra Modi, who will be flying to the national capital on the morning of May 17, will travel to Varanasi, where he is contesting, after attending the meeting of the party's highest decision-making body and will hold a thanks-giving for the people of the holy town in the form of a major roadshow.
    
He is likely to attend the Ganga pooja on the banks of river Ganga, whom he invoked before contesting from Varanasi.     

This is likely to be a major show of strength by BJP and Modi in Varanasi where he is likely to win. The BJP has made elaborate arrangements for the show.
    
Meanwhile, amid an upbeat mood in the party ahead of the counting, BJP has made elaborate arrangements at its headquarters here to celebrate its possible victory in the elections.
    
While over a thousand kilos of ‘laddoos’ have been ordered for distribution along with flowers and crackers, the party has also made arrangements of an air-conditioned tent and food for the media and its workers.
    
While Modi himself will be in Ahmedabad on Friday during counting, senior party leaders Rajnath Singh and Amit Shah will be at the party headquarters on Friday.

Rajnath is likely to hold a press conference on Friday at the party office after poll results.
    
Sources said that the party has deliberately kept the BJP parliamentary board meeting on May 17, a day after counting, to enable most senior leaders to reach Delhi as they will be in their respective constituencies.

MODINOMICS

India's election results on Friday could usher in the most profound economic change in a generation if opposition leader Narendra Modi wins a clear mandate for his agenda to revive growth and create jobs.

Modi has promised that, if elected, he would take decisive action to unblock stalled investments in power, road and rail projects to revive economic growth that has fallen to a decade low of below 5 percent.

Tax and labour market reforms, backed by a gradual opening up to foreign investment, would seek to create the 10 million jobs that Asia's third-largest economy must create every year to employ young people entering the workforce.

If Modi does fall short of a majority, he could face lengthy coalition talks with regional parties that might demand a high price for their loyalty and dilute his reform agenda.

Modi has retreated to his home base in Gujarat, where he will learn of the election results on Friday before flying to New Delhi for what could be a hero's welcome from party loyalists clad in the BJP's orange colours.

(JPN/Agencies)

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