Nine years of Modi government: Nifty, Sensex surge 150%, market-cap grows over three-fold3 min read 26 May 2023, 12:52 PM IST
Narendra Modi government’s nine-year stint: Analysts point out that the Modi government's policies such as Make In India, performance-linked incentive (PLI), focus on foreign direct investment, etc., have been the major triggers that have given a boost to the Indian market and economy.
The nine-year stint of Prime Minister Narendra Modi has been a period of strong growth in the Indian stock market despite the challenging years of the Covid-19 pandemic. The last nine years of the Narendra Modi government have seen equity benchmarks the Sensex and the Nifty surging by 150 per cent while the overall market capitalisation of BSE-listed firms more than tripled, or jumped by ₹195 lakh crore, in that period.
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