A stunning political setback for Indian Prime Minister Narendra Modi has Wall Street furiously trying to understand its impact on India’s economic…
Indian Prime Minister Narendra Modi's failure to secure a supermajority for his party has investors racing to understand the impact on India's economic landscape.
Over the past several years, chief executives from some of the biggest companies in the United States have invested time and money into relationships with Modi, as they set their sights on the Indian market."As China slows down, India has been the go-to destination for U.S. tech juggernauts," Pramit Chaudhuri, head of Eurasia's South Asia practice, said Tuesday to CNBC.
The question is whether Modi can pivot from governing as the leader of a supermajority, to governing as a consensus builder. A"lack of jobs is voters' biggest worry as labor market recovery is not yet broad-based," TS Lombard analysts wrote in a note to clients on Tuesday.
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