India's election is one of the most closely watched events for what is going to be a turbulent year on the political front. While the Indian election result sees Narendra Modi still in charge, his BJP party is now being forced to form a government with the National Democratic Alliance.
Markets in India responded positively to news that the BJP was making progress with the formation of a new government. For foreign investors who favour maintaining or increasing their allocation to India, the key question is whether the economic policies which have made India into an Asian financial powerhouse will remain in place?
- Beginners Guide to Indices
- US Stock Tip: Who we’re backing in the entertainment sector next year
- Our Market Predictions for 2025: Bitcoin, Gold, Mag 7, China and more
- Our 2024 Market Predictions: How did we get on?
Modi's political credentials are partly founded on his ability to turn economies around, as he demonstrated when he was chief minister of Gujarat. Some analysts are worried now that the election represents a potential backlash against him from those parts of Indian society that have not seen the fruits of his economic policy.
Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.
Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.
Free 28 day trial. Cancel anytime.
Log In or Sign Up to Armchair Trader+Already a member? Log in here:
Not a member? Sign up now or see the membership benefits
Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.
