Indian stocks rebounded after election results, Modi sworn in as PM for third term

From Nasdaq: 2024-06-12 14:51:00

Indian stocks had a rollercoaster ride last week due to election results but rebounded as Modi’s coalition secured power.

Modi sworn in as Indian PM for a third term, maintaining influential cabinet members for policy continuity.

Investors eyeing Indian stocks amid China’s economic struggles, with companies like Apple and Nvidia expanding in India.

India’s GDP grew 8.2% last fiscal year, expected to become 2nd largest economy by 2075.

India’s economic growth fueled by domestic consumption and investments, supported by a tech-savvy young population.

India’s digital transformation driven by internet access, affordable smartphones, and government support for digital infrastructure.

Investors interested in Indian ETFs like INDA, EPI, and SMIN amid India’s economic rise.



Read more at Nasdaq: India ETFs: Can the Rally Continue?