Bharatiya Janata Party supporters wear masks of Indian Prime Minister Narendra Modi, center and Uttar Pradesh Chief Minister Yogi Adityanath, left, during an election rally in Prayagraj, India, Monday, April 29, 2019. India's GDP is growing faster than China's. It's not in the crossfire of any serious trade friction. And yet India is the big bore of the big four emerging markets.
Modi is expected to keep his job. Should his BJP lose the majority in Congress, then Indian National Congress politician Rahul Gandhi is the likely leader. Investors prefer Modi, but are not worried about a surprise Gandhi win as he is not considered to be anti-business or anti-markets. Investors believe the BJP will remain in control of the Congress, meaning Narendra Modi remains as Prime Minister. But they also think the BJP will shrink, making it a bit harder for Modi to govern.
Teresa Barger, chief executive officer and co-founder of Cartica Management LLC:"a little bit of a restrained Modi is fine for us, too." Photographer: Paul Miller/BloombergModi has also cleaned the crony capital lending practices at the state banks, which led to the likes of ex-billionaire Vijay Mallya bilking the system, and his workers, out of millions of dollars. Mallya, once a liquor baron, also owned the now defunct Kingfisher Airlines, named after his signature beer brand.
On the other hand, HDFC Bank's ADRs are up 13.16% year-to-date, beating the emerging market benchmark and serving as a testament to Modi's policies of getting the unbanked, banked. Early this year it looked like the BJP had the election in their pockets. Now it seems they will lose the outsized majority they gained in 2014 and will have to make a coalition government.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
The Indian government’s election pitch centres on hounding minoritiesOn the campaign trail Narendra Modi tirelessly projects himself as a fear-inspiring avenger All right,the fact is : ITALIAN business tycoons ,the 'Agnelli family' owns 47% of The Economist and doing this Modi bashing service to their distant cousins in Tughlaq Lane. Don't click,ignore and move on. this article is a complete lie... its not hard to figure that out. It smirks of sheer corruption within Let them go to pakistan
Source: TheEconomist - 🏆 6. / 92 Read more »
Young politician emerges as a voice of opposition to India’s Narendra ModiHis youthfulness, campus activism and affiliation with India’s largest communist party have propelled Kanhaiya Kumar's parliamentary campaign to prominence. You almost had me interested until you said 'India's largest communist party'. I recall the never-ending 'peaceful'... yeah, not so much... protests of communists and Maoists from visits to India. The new India is educated and vital. Communism would hinder it.
Source: latimes - 🏆 11. / 82 Read more »
Opinion | As Modi discovered, India’s economy will never look like China’sOpinion: As Modi discovered, India’s economy will never look like China’s China was growing twice as fast when it's economy was India's size. Somehow people still bring up India in the same breath. Nonsense. 'India is a diverse, multiparty democracy that will always struggle to rally its hundreds of ethnic and linguistic minority groups behind any single goal.' Maybe a little Democratic Socialism is what we continue to need in America. highways schools libraries PeterXinping
Source: washingtonpost - 🏆 95. / 72 Read more »
Is the timidity of India's main opposition Congress helping embattled Modi?The grand old party shows a vacillating leadership and seems unable to capitalise on right-wing Bharatiya Janata Party's failures in government.
Source: trtworld - 🏆 101. / 63 Read more »
Hardline Indian group allied with Modi calls for ban on the veilAn Indian Hindu nationalist group allied with Prime Minister Narendra Modi calle... As terror suspects are made to contest general elections at the same time. Hypocrisy at its finest. Burqas should be banned. They are a security threat and they make a society colourless and ugly. Hard-line Indian groups are fighting for rights of women
Source: Reuters - 🏆 2. / 97 Read more »
Modi gets election boost with U.N. sanction against India's 'enemy No. 1'Prime Minister Narendra Modi's re-election bid received a big fillip on Wed... Enemy nailed. 🚹🔭✔️ The Leader of Idiots Nation is the Biggest of them 👎🏻
Source: Reuters - 🏆 2. / 97 Read more »
The release of “PM Narendra Modi” has been delayed until after the electionIndia’s Election Commission ruled that the biopic of the prime minister “has the potential to disturb the level playing field” If BJP loses and then the movie were to release it would be a joke of epic proportions Can we have a nuclear exchange between Pakistan, India and China already? For memetic hygiene. Idiot
Source: TheEconomist - 🏆 6. / 92 Read more »
Opinion | Social media is a key battleground in India’s elections — and Modi is currently kingOpinion: Social media is a key battleground in India’s elections — and Modi is currently king It does make an impact! Why battle the world will be gone in 12 years anyway
Source: washingtonpost - 🏆 95. / 72 Read more »
India hikes wheat import duty to support local farmersIndia has raised its import duty on wheat to 40 percent from 30 percent, the gov... Good. we need to do the same
Source: Reuters - 🏆 2. / 97 Read more »
India further delays retaliatory tariffs on U.S. products: officialIndia has once again delayed the implementation of higher tariffs on some goods ... U.S exporting something to India? China made HP computers? Thank Trump, Mr. 'genius'
Source: Reuters - 🏆 2. / 97 Read more »
'Bonanza time': Foreign carriers savor rising India demand as Jet Airways crumblesThe grounding of India's Jet Airways is turning into a quick windfall and l... Very sad storry. Number of flights grounded. The company was in a thriving track. Still the stock is strong in the sharemarket; and there was blockdeals two days ago. Better, if a foriegn comapany take and give energy to fly again the fallen giant bird.
Source: Reuters - 🏆 2. / 97 Read more »