_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 caribbean regional super 50 cricket Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:34
👁 View: 540K times
✓ Published: 06-Jun-2024
👁 View: 540K 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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_top-10-greatest-indian-cricketers.webp "It's only right that one of the greatest cricket countries in the world has produced a slew of incredible players. Welcome to WatchMojo, and today we’re looking at the players who represent the best that Indian cricket has ever offered.")
_today39s-super50-scores.webp "TTT Live Online")
_caribbean-deaf-news-cricket-regional-super50-festival.webp "Caribbean Deaf News")
_regional-super-50-cup-cricket-preparation-in-high-gear.webp "ABSTV Antigua")
_super50-cup-west-indies-academy-upset-jamaica-scorpions.webp "Caribbean Broadcasting Corporation")
_cricket-lover-sri-lanka-south-africa.webp "Cricketlover <br/>Sri Lanka to South Africa")
_highlights-124-barbados-v-jamaica-124-incredible-hat-trick-from-mccarthy-124-cg-insurance-super50-cup.webp "Windies Cricket")
⏲ 15 minutes 24 seconds 👁 57.9K
_top-10-greatest-indian-cricketers.jpg)
_today39s-super50-scores.jpg)
_caribbean-deaf-news-cricket-regional-super50-festival.jpg)
_regional-super-50-cup-cricket-preparation-in-high-gear.jpg)
_super50-cup-west-indies-academy-upset-jamaica-scorpions.jpg)
_cricket-lover-sri-lanka-south-africa.jpg)
_highlights-124-barbados-v-jamaica-124-incredible-hat-trick-from-mccarthy-124-cg-insurance-super50-cup.jpg)
![[+]](/images/menu.gif){kind=small}