Global Financial Biggies like Goldman Sachs, HSBC, Citigroup and Others Catch India Poll Fever

NEW DELHI: Showing a strong global interest in India's general elections, over a dozen global financial giants, including Goldman Sachs, HSBC and Citigroup, are keeping a close tab on these polls and are analysing the likely economic impact of different possible outcomes. The unprecedented interest shown by these international financial services firms in the ongoing elections, which is the biggest ever electoral exercise in the world, largely stems from India's emergence in the last few decades as a major centre--both politically as well as economically--on the global landscape. These firms also include Bank of America Merrill Lynch, Nomura,

Barclays, UBS, CLSA, BNP Paribas, RBS, Deutsche Bank, Credit Suisse, Morgan Stanley and JP Morgan India,

which has a huge market thanks to its large population, is expected to become the third largest economy globally in the next few decades. A change in leadership at the Central level, along with changes in policies of the government, will have a direct repercussion on global front. Most of the global financial services majors believe that Narendra Modi, the Prime Ministerial candidate of the BJP, is a clear front runner and describe him as more business friendly, shows an analysis of surveys conducted by these firms for internal use and for the benefit of large clients. The observations assume significance as they come at a time when a political debate is underway on the comparison between so-called growth model of Modi-led Gujarat and that of other states ruled by Congress and other parties.

Read More: 10 Best Money Making Business Ideas for Retirees

Not Getting Right Talent Costing Indian Eco 53k Cr: Study