꧁ɢɪᴠᴇ sᴏᴍᴇ ᴘᴏʟɪᴛɪᴄᴀʟ ʀᴇғᴏʀᴍs ᴏғ ʙɪʜᴀʀ.꧂
Answers
Explanation:
New Delhi: BJP's defeat in the Bihar State Elections is a "political pothole", which is likely to hurt the stock market in the near-term, yet global financial services majors are positive on the country's economic cycle.
Global financial services majors Citigroup, Nomura and Bank of America Merrill Lynch believe the loss would likely hurt the market in the "near-term", but the fears of derailment of the reform agenda may be "exaggerated".
According to Citigroup, markets are likely to get affected as the Bihar loss is likely to give a break to BJP's momentum and dominance, it would also raise risks of opposition intransigence in legislative policy making and shift the focus on reform or policy response of the government.
Answer:
The Politics of Bihar, an eastern state of India, is dominated by regional political parties. As of 2021, the main political parties are Rashtriya Janata Dal (RJD), Janata Dal (United) (JDU), Bharatiya Janata Party (BJP) and Indian National Congress (INC). There are also some smaller regional parties, including Rashtriya Lok Samata Party, Hindustani Awam Morcha, Jan Adhikar Party and Rashtriya Jan Jan Party and Lok Janshakti Party, which play a vital role in Bihar politics. As of 2021, Bihar is currently ruled by a coalition of the JDU and the BJP.