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Indian Economy Reacts to Narendra Modi's Re-election — TechGraph
The Indian economy is climbing to record-level stability after Narendra Modi led his Bharatiya Janata Party to a landslide victory. With a strong mandate, investor confidence in the newly re-elected Modi government is fast becoming apparent as foreign funds increased post-election. Macroeconomic and fiscal indicators show an appreciation, but many experts suggest that the high of the Modi win might not be sustainable. While it peaked at $426.28 billion (₹29.5 trillion) in the first weeks of the second quarter, India’s overall foreign exchange reserves have declined to $417.998 billion...