Why India's stock market hit a new high? What is the real-time counting result of NDTV? According to Reuters, Indian Prime Minister modi's Bharatiya Janata Party won India's general election in 2019.
The BJP, led by Prime Minister Narendra Modi, won 342 of the 542 seats in India's parliament by 15:25 Beijing time, according to New Delhi television. According to Indian media, 542 of the 543 seats in the lower house of Parliament were elected in this election, and a political party or coalition needs 272 seats to form a new government.
Real time counting results of NDTV
The modi administration has achieved mixed results in its first term, facing criticism of slowing economic growth and failing to create more jobs, while the other won praise for tough tax and banking reforms and infrastructure spending, Reuters said. Investors expect his second term to give him time to continue with these reforms while pushing for more fiscal and monetary stimulus.
With the victory of the BJP, India's stock market hit an all-time high, while rupee and bonds rose. It is reported that modi's low inflation, ample liquidity support for the central bank and expectations of loose monetary policy are helping India's bond market gain confidence. Sachin Shah, manager of India's emkay investment managers fund, said: 'at a time when economic growth is uncertain, political stability and continuity allow an economy to progress and overcome obstacles over time. "Therefore, this result is the hope of policy reform moving in the right direction. '