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Why Raamdeo Agarwal believes Indian markets will double in next 5-6 years despite Modi-led NDA's less than predicted mandate
Credit: IndiaTimes- Published on June 5, 2024
Stock market outlook post Lok Sabha election results: Long-term investors should maintain their belief in India's solid economic fundamentals and expect the market benchmarks to double in the next 5-6 years, says Raamdeo Agarwal, the Chairman of Motilal Oswal.
Video credit: Wibbitz Top Stories
Published on June 4, 2024 - 01:31
Narendra Modi Earns Narrow Election Win For Historic Third Term
Narendra Modi , Earns Narrow Election Win For, Historic Third Term.
Reuters reports that Indian Prime Minister Narendra Modi is set
to win a historic third term on June 4, but with vastly
diminished majority following a rare electoral setback. .
For the first time in a decade,
Modi's ruling Bharatiya Janata
Party lost its majority in parliament. .
The party is now dependent on regional allies
to secure the half-way mark required to stay
on top of the world's largest democracy.
For the BJP to drop below
the majority mark, this is
a personal setback for him, Yogendra Yadav, Psephologist and the founder of a
small political group opposed to the BJP, via Reuters.
Since taking power a decade ago, Modi has been ruling as the
alliance's unquestioned leader, however, his opponents have seen
his reign as the country sliding towards authoritarianism. .
My sole issue with Modi
today is that he has become
larger than the party itself.
In a democratic system...
a party should always
supersede an individual, Surendra Kumar Dwivedi, Former head of the Department of Political Science at Lucknow University, via Reuters.
The election win makes Modi only
the second Indian leader to win a third term
after founding Prime Minister Jawaharlal Nehru.
The election win makes Modi only
the second Indian leader to win a third term
after founding Prime Minister Jawaharlal Nehru.
Prior to the election win, Modi promised
a transformative next five years in office.
Reuters reports that Modi's presidency has seen India
become the world's fastest growing major economy, and
he has expressed aspirations of improving on those gains.
What we have done in
the last 10 years is only
a preview, a trailer.
We have a lot more to do.
Modi is taking the country
to a different level in the world, Narendra Modi, Prime Minister of India, via Reuters
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