Managed Protest Cycle

The most likely path is that protests continue for several days but remain geographically concentrated around universities, Delhi, Bengaluru, Mumbai, and Kolkata. The Modi government avoids a major concession while using calibrated policing, campus negotiations, and limited detentions to prevent the issue from becoming a full national shutdown.

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