Similarities between the Narendra Modi-led National Democratic Alliance (NDA) and the Manmohan Singh-led United Progressive Alliance (UPA) on some key economic policy issues are now becoming too stark to be ignored. At the launch of the Modi government in May 2014, there was an expectation that the new regime would follow a more aggressive path towards reform and reorganisation of the governance structure. This was also expected to be different from the UPA approach. The business and market expectations were that soon the role of the state and its size would be reduced, easier factor ...
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