Indian economy may get affected by rise in populism, says JP Morgan
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According to JP Morgan & Co., India could witness a surge in populist politics amid the outbreak of the novel coronavirus that has affected millions in the country. "Rising populism could impact market valuations, at least in part due to protectionist trade and foreign direct investment policies inhibiting growth," a note by analysts led by James R. Sullivan reads. It says: "Populism is a justifiable concern for investors."