Posted 4/14/2024, 5:23:00 AM
Indian Markets Soar under Modi's Decade of Leadership, Expect Further Gains if Re-Elected
- Indian stocks have seen strong gains and commanded a premium valuation under Modi's leadership over the past decade
- Investors expect continued spending on infrastructure and manufacturing if Modi wins again, further boosting economic growth
- Modi's tenure has brought greater political stability and policy continuity, making India an attractive destination for global capital
- Median stock market volatility has dropped and the rupee has stabilized compared to the prior decade
- Indian bonds have seen sustained foreign inflows and delivered positive returns annually for 10 years, with further gains expected if Modi retains power