Indian markets hit record highs on Monday as experts predict a resounding victory for Prime Minister Narendra Modi in national elections.
Indian stock markets chalked up new record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each ended the day at their all-time closing highs, having gained more than 3%. The surge comes after India concluded its mammoth, weeks-long election this weekend.
The country is comfortably placed to expand at an annual rate of at least 6% in the coming few years, but analysts say it needs to achieve growth of 8% or more if it wants to become an economic superpower. Investors hope that if Modi wins a big majority in parliament, his government will unleash key land and labor reforms needed for the next phase of growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Modi expected to win third term as Indian prime minister: Exit pollsExit polling data suggest that Indian Prime Minister Narendra Modi is expected to win a third term at the conclusion of the six-week election.
Read more »
Indian Prime Minister Narendra Modi files nomination to run for third term in general electionIndian Prime Minister Narendra Modi visited Varanasi on Tuesday to formally file his candidacy for the ongoing general election, aiming to secure his seat.
Read more »
Modi heads for two days of island meditation as Indian election nears endIndia’s Prime Minister Narendra Modi is on his way to meditate inside an island shrine for two days to cap weeks of election campaigning – his latest public display of religiosity days after proclaiming he was sent by god.
Read more »
Indian voters dissect Modi's politics while traversing the country by trainThe Associated Press rode one of the longest trains in India — 1,800 miles from New Delhi to Kanyakumari — to interview voters about an election that will be decided in June
Read more »
Indian voters dissect Modi's politics while traversing the country by trainThe Associated Press rode one of the longest trains in India — 1,800 miles from New Delhi to Kanyakumari — to interview voters about an election that will be decided in June.
Read more »
Indian voters dissect Modi's politics while traversing the country by trainThe Associated Press rode one of the longest trains in India — 1,800 miles from New Delhi to Kanyakumari — to interview voters about an election that will be decided in June.
Read more »