Press Esc to close
Wednesday 24 May 2017
News updated at 3:10 PM IST

'Modi as PM candidate is best for market'

New Delhi, August 26, 2013, DHNS: 0:27 IST
Narendra Modi
Amid foreign firms holding back investment in India in anticipation of a regime change, an international brokerage has said that India’s worsening economic crisis has brightened BJP leader Narendra Modi’s victory in the 2014 general elections.

“The bigger the sense of crisis in India , the better is the Modi’s chance of winning,” Christopher Wood of global brokerage firm CLSA has said.

The Hong Kong-based company said, “The Indian stock market’s greatest hope is the emergence of Gujarat Chief Minister Narendra Modi as the BJP’s prime-ministerial candidate.”

CLSA’s comments come at a time when the Indian rupee witnessed a ferocious fall in the past week and also pressured stock and bond markets.

Modi is currently the BJP’s campaign committee chairman, and the party is yet to make a formal announcement of his name for prime-ministerial candidate.

The BJP is yet to make a formal announcement that Modi, also the chief Minister of Gujarat, will be its face in 2014. As the party’s campaign committee chairman, he is currently designing the BJP’s election strategy with the help of top party leaders.

Commenting on investments in India, the brokerage firm said that India ’s problems were “self-inflicted” and a growing currency crisis.

Go to Top

Photo Gallery
Helpers attend to injured people inside the Manchester Arena...

Helpers attend to injured people inside the Manchester Arena...

South Korean army's K-55 self-propelled howitzer fires during the annual exercise in Paju

South Korean army's K-55 self-propelled howitzer fires during the annual exercise in Paju

President Donald Trump pauses as he makes a statement...

President Donald Trump pauses as he makes a statement...

Delhi Chief Minister Arvind Kejriwal at an interaction with...

Delhi Chief Minister Arvind Kejriwal at an interaction with...

A shopkeeper looks for valuables and documents in the debris...

A shopkeeper looks for valuables and documents in the debris...

HP State Electricity Board Employees Union members shout slogans...

HP State Electricity Board Employees Union members shout slogans...

Congress and CPM leaders, activists raise slogans against the West Bengal...

Congress and CPM leaders, activists raise slogans against the West Bengal...

Former Union Minister and senior Congress leader Mani Shankar Aiyar with Center for Peace...

Former Union Minister and senior Congress leader Mani Shankar Aiyar with Center for Peace...

In this NASA provided frame from video, NASA astronaut Jack Fischer...

In this NASA provided frame from video, NASA astronaut Jack Fischer...

Actor Brad Pitt gives his autographs for fans...

Actor Brad Pitt gives his autographs for fans...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.