Modi’s Indian election win welcomed by economists and investors

Credit: iStock/Harvepino

Financial markets and international investors have hailed a potentially positive economic impact from the re-election of Narendra Modi as prime minister of India, although the positive forecast does come with some conditions, namely that it must be accompanied by promised reforms in the banking sector, increased infrastructure spending and a period of fiscal stability. Mr Modi’s Bharatiya Janata Party (BJP)…

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