Hardline Crackdown Escalates

The government chooses public-order control over compromise, increasing the odds of arrests, assembly bans, and internet restrictions in select districts. This would not be a systemic global shock, but it would raise near-term India political-risk premia and pressure India-sensitive equities.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.