(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)
By Andy Mukherjee
SINGAPORE, Dec 21 (Reuters Breakingviews) - Narendra Modi's resounding election victory in the western Indian state of 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 Indian government will most likely once again be.
- Narendra Modi, the 62-year-old chief minister of India's western state 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.
- Election commission's Web site: here
- Reuters: The rise of Narendra Modi, a double-edged sword for India's BJP
- For previous columns by the author, Reuters customers can click on
(Editing by Peter Thal Larsen and Katrina Hamlin)
Trending On Reuters
Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Full Article