Indian stocks hit record highs on Modi polls lead

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Narendra Modi's BJP win sets the country's expectation on economic reforms as stocks jumped a record high today.

MUMBAI: Indian stocks jumped to record highs Thursday as early results in the world’s biggest election showed Prime Minister Narendra Modi on course for a second term.

After more than four hours of counting, figures from the Election Commission showed the BJP leading in 292 seats out of 542 with the rival Congress party on less than 50. Modi was elected five years ago on his promise to shake-up India’s economy and create jobs for the millions of young Indians who enter the workforce every year.The 68-year-old has been praised by India’s business community for passing a number of economic reforms intended to ease the doing of business and boost foreign investment.

Economists say the Indian economy needs to grow at least 7% per annum to create jobs for the estimated one million people entering the labour market each month.

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:

 /  🏆 5. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines