India, the world’s second-largest gold consumer, will probably keep restrictions on imports to control the current account deficit and defend the rupee, said the managing director of the country’s biggest refiner.
Minutes after tycoon Ratan Tata abandoned a two-year quest to build the world’s cheapest car in West Bengal over farmer protests, he got a text message from the frontrunner to be India’s next leader: “Welcome to Gujarat.”
Voters in India’s capital headed to polling booths today in the third phase of the biggest election in world history, with Narendra Modi’s Bharatiya Janata Party set to win the most seats and grab power after a decade.
One reason opposition candidate Narendra Modi is on track to become India’s next prime minister can be found in a 100-bed government-run hospital in the city of Jaunpur. Goats roam the corridors, used syringes and vomit litter the floors, and the walls display red spatter from tobacco that has been chewed and spat out.