Reported about 1 year ago
Indian Prime Minister Modi was re-elected for his third term on June 12, 2024, but his ruling party's vote count was not impressive. Despite a brief stock market slump on the 4th, it rebounded the next day as analysts believe the election results won't affect India's stock market's long-term bullish trend. Various fund managers expressed that while short-term volatility may occur due to the less favorable party votes, overall policies, especially those related to manufacturing, are expected to continue, with strong economic growth momentum supporting positive medium-to-long-term performance. The election outcome is viewed to maintain stability and continue reforms for India's long-term growth trajectory.
Source: YAHOO