India election drives record equity derivatives volumes

Post-election rally likely to further increase sales later this year

Narendra Modi in Rewari at ex-servicemen rally - by Narendra Modi Flickr
Narendra Modi, leader of the victorious BJP party

Analysts have long drawn negative comparisons between India, with its sluggish economic performance, and China. With a GDP averaging 3.5% per year in the decades up to the 1980s – the so-called "Hindu rate of growth" – and little in the way of acceleration since then, India has watched while near neighbour China has powered ahead, averaging 10% GDP growth per year since 1990.

But in anticipation of India's general election, which saw a landslide victory on May 16 for the National Democratic Alli

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