-By Warner Todd Huston
Of all the countries in the world that have the potential to become one of the world’s next great superpowers, India is a nation poised to take that step. While there is an awful lot holding that giant nation back, their latest election just might be the next step to a more secure, prosperous future.
This possible new step was the election of a pro business party to govern the nation. For some time India has been controlled by the Congress Party, a very corrupt and typically socialist-styled political party that has done little to bring growth to the country. But the Congress Party has fallen and in a big way.
This week the BJP (the Bharatiya Janata Party) has won a shocking landslide election booting the Congress Party entirely out of power.
Headed by Prime Minister-Elect Narendra Modi, the BJP is a very pro-business and pro-modernity party. Modi has already created India’s version of Texas with his governorship of the Gujarat state, the most prosperous area of India and now he is poised to try and bring that level of success to the whole country.
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Could India Be On The Verge of a Major Shift Toward Capitalism?”