Modi's Gujarat win doesn't mean he will rule India
SINGAPORE (Reuters Breakingviews) - Narendra Modi's resounding election victory in Gujarat has made Indian businessmen optimistic. Many see his win, the third in a row, as a sign that the centre-right leader with a reputation for effective administration could be ruling the nation in 2014. But a chequered past, an autocratic personality and the peculiarities of India's coalition politics make Modi less than a shoo-in.
The result of 2014 polls could be dramatically different from what investors are hoping for. A real possibility is that smaller regional parties come together to forge a weak, purposeless centre-left government - just to keep Modi out.
Modi's ambition to rule India has undoubtedly received a boost: His centre-right Bharatiya Janata Party's winning tally in Gujarat, while falling just short of a two-thirds majority, was a big blow to Sonia Gandhi's Congress party.
The Congress, which has ruled India since BJP's shock defeat eight years ago, will most likely fight the next general election under the leadership of Sonia's 42-year-old son Rahul, who doesn't have a track record in governance. By contrast Modi, who is 62, has run Gujarat for 13 years, and even his detractors grudgingly admit that he hasn't done a bad job in attracting investments to the state, creating jobs and clearing supply-side bottlenecks, especially in power.
But the BJP is reluctant to nominate Modi as its next prime ministerial candidate because of an unproven charge against him of abetting an anti-Muslim pogrom in 2002. That means he won't be acceptable to coalition partners like Nitish Kumar, the chief minister of Bihar, for whom Muslim votes are important. If the coalition breaks up, a non-Congress, non-BJP "third front" of regional parties could emerge. Supported by the communists, the third front could undermine both the BJP and the Congress.
Modi's Gujarat campaign was all about his achievements and his promises. His supporters believe that, as prime minister, he could craft pragmatic, pro-business policies and get them implemented by curmudgeonly bureaucrats. But in national politics, a personality cult is a liability. Modi's autocratic style could render him unsuitable for managing a large, unwieldy coalition, which is what the next government will most likely once again be.
- Narendra Modi, the 62-year-old chief minister of Gujarat, snatched his third straight victory in elections for the lower house of the state assembly. Modi's Bharatiya Janata Party won 115 seats in the 182-seat lawmaking body. The main opposition, Sonia Gandhi's Congress party, came in second with 61 seats.
(Editing by Peter Thal Larsen and Katrina Hamlin)
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)
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The BSE Sensex rose more than 1 percent on Thursday to its highest close in a month as stocks of blue chip companies such as ICICI Bank surged after exit polls predicted a strong showing for the key opposition party in state elections held recently. Full Article