India: 'worsening of economic crisis will improve the chances for Modi BJP's prime ministerial candidate' - says banker and market analyst with Credit Lyonnais

Credit Lyonnais Securities Asia (CLSA) is a renowned investment and brokerage firm. Its Chief Equity Strategist, Chris Wood, told the Economic Times: The best hope for the Indian stock markets would be a worsening of the country's economic crisis, he argued. Why? Because that will improve the chances of Gujarat Chief Minister Narendra Modi emerging as BJP's prime ministerial candidate, according