India stocks erase $543bn as honeymoon with Modi dwindles
India is gradually reopening its economy, but with more than 8,000 new cases per day
01 June 2020 - 22:30
New Delhi — The Indian stock market’s honeymoon with Prime Minister Narendra Modi’s government is under strain.
In the first year of Modi’s second term, India has erased more shareholder wealth than any other country on the planet, except Brexit-swayed Britain. That contrasts with his first term of five years, when his reputation as an economic reformer fuelled an increase of almost 50% in equity market capitalisation...
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