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 to Wood.

http://economictimes.indiatimes.com/news/economy/indicators/india-runs-risk-of-sovereign-debt-crisis-christopher-wood-chief-equity-strategist-clsa/articleshow/22498737.cms