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19 May 2015, The Wire

Is the ‘Modi Premium’ Wearing Off in the Stock Markets?

Rajrishi Singhal, Senior Geoeconomics Fellow, Gateway House, has written an article about the stock markets registering a setback with the change in perception of PM Narendra Modi's government policies. This article has been published by The Wire

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As Prime Minister Narendra Modi completes one year in office, a sense of despondency pervades the customary reviews that ritually accompany such an event. Rumblings of discontent have emerged from various stakeholders, including Corporate India. But it is the stock markets that seem to have taken the lead in signalling disappointment with his performance.

The bellwether index S&P BSE Sensex, comprising 30 stocks, has witnessed a major erosion in values over the past few weeks.

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