GAGA Share Market News

[hfe_template id='11223'] [ad_1] In recent years, investors bullish on Indian equities have cited the promise of policy reforms and rapid economic growth under Prime Minister Narendra Modi to justify its record premium over emerging-market peers. Now, with the leader facing coalition politics after a weaker-than-expected mandate in this week’s national election, the so-called Modi premium is under scrutiny. Investors want to see evidence that Modi can sustain his reforms with the same vigor, while keeping alliance partners happy and avoiding populist measures to regain public support. Policy continuity is now emerging as a crucial factor for global money managers weighing investments in the world’s fifth-largest stock market. Next month’s budget will be the new government’s first test, as fiscal discipline has been a hallmark of Modi’s decade in power. “People are still in a wait-and-see mode until we see what policies are likely to come up, how are they are going to fun...