4 Nov, 2015
The dismay that many ordinary Indian citizens feel about Prime Minister Narendra Modi’s willingness to tolerate, even encourage, the Hindu hard-liners in his own party has now spread to the financial community. Last week, Moody’s Analytics, a division of the bond rating and risk management company, warned that Mr. Modi “must keep his members in check or risk losing domestic and global credibility” — meaning, in so many words, its attractiveness to international investors.
Indian business leaders are no less alarmed. Over the weekend, N.R. Narayana Murthy, a co-founder of the Indian technology giant Infosys, lamented that “the reality today is that there is considerable fear” in the minds of the minority in India, and Kiran Mazumdar-Shaw, chairwoman and managing director of Biocon, said business leaders are “concerned with what’s happening all across the country.”
Read the rest: The Costs of Hindu Extremism – The New York Times