From Investing.com: 2024-06-10 02:12:05

Prime Minister Narendra Modi has secured a third term with NDA support after the recent election results. BJP won 240 seats, but NDA gathered 293 in total, defying exit polls. Fiscal policies under Modi have reduced subsidies and boosted capex, signaling a focus on supply-side economic growth.

Bank of America report suggests sustained capex growth with continued momentum and moderate welfare spending. Factors supporting growth include pro-reform policies, strong fiscal position, revenue augmentation strategies, leverage for capex, and policy continuity. BofA predicts an 11% CAGR in capex over FY24-27 with potential repurposing.

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Read more at Investing.com: BofA Forecasts Robust Capex Growth Amid Modi’s Third Term and Coalition Dynamics By Investing.com