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BJP will win Gujarat election; a loss will be Modi’s Waterloo: Chris Wood

BJP will win Gujarat election; a loss will be Modi’s Waterloo: Chris Wood

New Delhi: Christopher Wood, author of the Greed and Fear Report, predicts BJP victory for the sixth consecutive time. However he warned that should the BJP lose Gujarat, it might prove Modi’s Waterloo. Elections are scheduled in Gujarat in two phases, on December 9 and December 14.

Economic Times has quoted Wood as saying “Modi will be finished in an event of the BJP’s loss in Gujarat. He said the odds of the BJP winning Gujarat elections remain high, even though the ruling party could secure the win with fewer seats than in the 2012 elections. He felt that the opposition Congress has created a strategic blunder in trying to fight the election on GST and demonetization. It should have fought Gujarat, not on national issues, but on local issues. He further observed that the opposition Congress is unconvincing under Rahul Gandhi’s leadership.

Wood claims that despite cash ban and GST, Modi remains popular among small businesses and traders.