Economic risks in 2018: Political uncertainty to reach a crescendo in Q4

The BJP is already taking pro-active steps to intervene in agriculture markets

One swallow does not make a summer, just as one more by-poll election loss does not a political rout predict. But there have now been multiple by-poll losses for the Bharatiya Janata Party (BJP) and its allies in 2018. A symbolic no-confidence motion is being lobbed at the government by its own erstwhile ally. The Opposition parties are seen capitalising on the momentum and plotting a grand coalition, while the government’s allies are getting restive. Five states are headed for elections this year, the most immediate one being Karnataka in May. Battle for the key agrarian states of Chhattisgarh, Madhya