Indian Stock Market: The Indian Prime Minister (PM), Narendra Modi, dismissed criticism of his government’s job-creation record from the opposition in an exclusive interview with Sanjay Pugalia, chief editor of NDTV. He also mentioned the growing trend of young people thinking about investing in the stock market.
Who is likely to recapture power will be revealed by the markets’ behavior during “election week,” or the week the results of the Lok Sabha election are made public, in PM Modi’s opinion. On June 4, the election results will be declared.
Indian Stock Market NDTV Interview with Prime Minister Modi
In an interview with NDTV Profit, Prime Minister Modi said that the markets were at 25,000 when their government came office and are now at 75,000.
Look at the Public Sector Undertakings (PSU) banks; the value of their stocks on the stock market is increasing. PM Modi said in an interview with NDTV Profit that on June 4, the programmers running the stock market will grow tired of the activity. So, hold off and observe.
Phase 5 (today, Monday, May 20, 2024) marks the beginning of the general elections. Up to 49 Lok Sabha seats, spread over six states and two Union territories (UTs), are up for election.
The states scheduled to vote in Phase 5 are Bihar, Uttar Pradesh, West Bengal, and Maharashtra. Phase 5 of the Lok Sabha elections is currently underway, with voting having concluded in four of the seven phases on April 19, April 26, May 7, and May 13.
According to PM Modi in an interview with NDTV Profit, the first 125 days would be dedicated to realizing the dreams of youth. Thanks to the recent advancements, they will have a better future over the next millennia.
In an interview with NDTV, Prime Minister Modi declared that this is India’s moment and we can’t let go of the opportunity.”
The following are the top 10 things to remember from PM Modi’s interview with NDTV:
-After June 4, the NSE and BSE, the Indian stock markets, will break all previous records.
-PSU stock values are rising, with Hindustan Aeronautics Ltd. experiencing particularly strong growth.
-Young people should be encouraged to take on more risk because they frequently invest in the stock market.
-To draw in more international investors, states need to implement cooperative and competitive federalism.
-The current administration has instituted the most economic reforms while promoting policies that support entrepreneurship.
-Infrastructure push is built on four pillars: scale, scope, speed, and skill.
-Every individual ought to be more eager to take chances.
-It’s critical to follow the fiscal deficit control policy to the letter.
-Numerous jobs could be created by green technologies.
-Welfare programmes are a crucial part of India’s social infrastructure.
Further Read: Prime Minister Modi net wealth
