| Author | Message | ||
Inquisitive Junior Artist Username: Inquisitive Post Number: 930 Registered: 09-2014 Posted From: 149.169.132.204 Rating: N/A |
My whole point was that the markets rose well before the election and the stellar rise that we saw in the weeks/months preceding the election can clearly be attributed to Modi! The markets rose on the expectation that Modi would become the PM and so far those gains have not been reversed. That means, if UPA-II or Third Front would have surprisingly won the elections, the markets would have crashed to immediately reverse those gains and we wouldn't even have been talking about 25K sensex! "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 | ||
Kindal Side Hero Username: Kindal Post Number: 2860 Registered: 09-2007 Posted From: 14.139.128.20 Rating: N/A |
Market back to levels when Modi came to power On May 26, 2014 when the Narendra Modi government took the oath of office, the Sensex closed at 24,716 and the markets are now just marginally above those levels. http://indianexpress.com/article/explained/market-back-to-le vels-when-modi-came-to-power/ As you say if Financial Markets performance is seen as a measure of Modi Gov's performance, they raised after his election, hoping better reforms and governance. They fell back as he could not deliver as expected. Once of the biggest concern is talent deficit in his cabinet http://www.firstpost.com/politics/modi-governments-talent-de ficit-may-be-the-biggest-roadblock-to-delivery-on-vision-241 7672.html Observing that the Narendra Modi Government, which came to power last year on a plank of change has been bogged down by bureaucracy and politics, a top US think-tank has said "caution" and not enthusiasm is evident in every arena. In a report 'Modi One Year On', Washington-based Hudson Institute said the BJP-led government was voted into power by a new generation of Indians. The new Indian electorate is aspirational and demands instant gratification and immediate results, it said. "Caution and not enthusiasm is evident in every arena, whether economy, defence, healthcare, trade and investment, energy, education and labour," the report said. http://www.ndtv.com/india-news/pm-modi-government-bogged-dow n-by-politics-us-think-tank-1207309 This is just an extension of UPA rule with majority in LS. !ntfi | ||
Inquisitive Junior Artist Username: Inquisitive Post Number: 926 Registered: 09-2014 Posted From: 149.169.132.204 Rating: |
I have seen posts here that show how the Sensex has not really shown a lot of growth since Modi took charge and use that as "evidence" of Modi's failure to deliver! What these posts don't factor in is the spectacular performance of the very same Sensex in early 2014 fueled by the expectations that Modi would be the next PM. Even on the day the election results were announced, the Indian indices did very well. If Modi would have failed to meet these expectations, wouldn't the markets have realized that the expectations that led to the rise of stock markets were wrong and therefore reversed the gains? To look at it another way, had Modi not won the elections, would we have even been talking about Sensex @ 25000? Financial markets reflect expectations, and these markets are quick to react. Modi's performance was factored in (to some extent) even before he won the election. This does not mean that he can't be credited with the gain! To attribute only the performance of the stock markets since he became the PM to him and disassociate him with the gains registered on the expectations that he would become the PM is senseless! P.S: I am not a hardcore fan of Modi and am 100% satisfied with his performance so far. But this method of evaluating his performance is simply senseless so I wanted to point out the flaw. "Sakshi is a most balanced and independent media. This has no affiliation with any political party," Jagan had said. Link: http://www.outlookindia.com/news/article/sakshi-retelecasts- story-omits-antisonia-remarks/701963 |
