India’s Prime Minister Narendra Modi arrives to file his nomination papers for the general elections in Varanasi, India April 26, 2019. REUTERS/Adnan Abidi
An average of six polls suggests the BJP could lose its rare outright majority, but that its coalition will secure 314 out of 545 parliamentary seats and so won’t need any new allies. It raises hopes that foreign direct investment will remain buoyant and that Modi can push through more changes, including privatisation.
Breakingviews ugalani ALL show & NO substance... India's market is (in)famous for THAT. Check this space 12 months hence, in May 2020, post the current euphoria & shallow crust, await India's Fin. Budget dated Feb/Mar 2020, to know as to where the economy will ne headed, thence - to the IMF, WB, ADB !
Breakingviews ugalani Yes, the exit poll results have already lifted the markets(SENSEX) by 0ver 900 points i.e. 2.3%, Rupee is up almost 1% v/s USD! This is just the beginning. You can expect the Sensex touching 50000 mark by year end! ModiIsBack
Breakingviews ugalani Fake exuberance 😉😎
Breakingviews ugalani Good for him.