(Bloomberg) — A four-day-old coalition government led by the Bharatiya Janata Party collapsed in the western Indian state of Maharashtra after it failed to muster a majority.Chief Minister Devendra Fadnavis resigned in Mumbai, the state’s capital, which is also home to India’s benchmark stock exchange and leading conglomerates, Reliance Industries Ltd. and the Tata group.The latest twist in the state’s ongoing political drama is a setback for Prime Minister Narendra Modi who had backed Fadnavis’ candidacy for the top job as his party laid out its ambition to govern all of India’s states. The BJP found itself in a minority …read more
Source:: Yahoo Finance
