NEW DELHI (Reuters) - The Indian government is unlikely to call a snap election despite its biggest ally abruptly quitting the ruling coalition, as it needs time to implement flagship welfare schemes and hopes the economy will improve, government sources said on Wednesday.
The withdrawal of the Dravida Munnetra Kazhagam (DMK) has rattled markets, which are worried that it has left Prime Minister Manmohan Singh unable to pass reforms needed to turn around the worst economic slowdown in a decade.
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