As anyone who has tried to invest in India can tell you, India’s states are as distinct from each other as European countries. Every now and then, India’s politicians are reminded of this as well. Prime Minister Narendra Modi certainly was earlier this week, when his all-conquering Bharatiya Janata Party fell short of expectations in state elections.
Of the four large states that had gone to the polls, Modi’s BJP was already in power in Assam and had made major inroads in West Bengal, where it was expecting a win. But the party lost heavily there as well as in the