Reported 4 months ago
As Prime Minister Narendra Modi's alliance won India's general election, Global X ETFs Senior Portfolio Manager Malcolm Dorson discusses the market's reaction. Initially enthusiastic, the market rose 4% on Modi's victory declaration, but it fell 6% as official results showed a smaller margin. Dorson explains that while a coalition government isn't necessarily negative, the market may be over-optimistic. He emphasizes India's long-term positive outlook due to its democratic system, market-friendly governance, demographics, China's momentum, and advanced digital infrastructure.
Source: YAHOO