_indian-prime-minister-narendra-modi39s-party-loses-outright-majority-leading-to-sharp-decline-in-etfs.jpg "Indian Prime Minister Narendra Modi's Party Loses Outright Majority, Leading to Sharp Decline in ETFs from indian video gpnew karim all natokalik tumi jannate tomar pashe amar mp3angla apkefbfbdefbfbde0a6b0e0a6bee0a6b8e0a6b0e0a6bf e0a6aae0a781e0a69fe0a695e0 Video Screenshot Preview")
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⏲ Duration: 0:34
👁 View: 550K times
✓ Published: 06-Jun-2024
👁 View: 550K times
✓ Published: 06-Jun-2024
Description:
Indian Prime Minister Narendra Modi looked set to retain power, but his party lost its outright majority for the first time in 10 years as voters defied predictions of another landslide. Investors were unnerved by the outcome as it means Modi will depend on support from regional parties for the first time. Indian ETFs fell sharply as results showed Modi would not have a clear majority and policymaking could face more uncertainty. ETFs provide foreign investors easier access to Indian markets than direct stock investments. Investors had expected another Modi term to continue pro-business reforms and strong economic growth.
Indian Prime Minister Narendra Modi looked set to retain power, but his party lost its outright majority for the first time in 10 years as voters defied predictions of another landslide. Investors were unnerved by the outcome as it means Modi will depend on support from regional parties for the first time. Indian ETFs fell sharply as results showed Modi would not have a clear majority and policymaking could face more uncertainty. ETFs provide foreign investors easier access to Indian markets than direct stock investments. Investors had expected another Modi term to continue pro-business reforms and strong economic growth.
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