Press Esc to close
Sunday 20 August 2017
News updated at 1:51 AM 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
Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Bollywood actor Vidyut Jamwal showcases a creation by designer Kazingmei during Lakme Fashion...

Farmers takes part in oxen race of Kalapoottu in Pullaloor in Kozhikode...

Farmers takes part in oxen race of Kalapoottu in Pullaloor in Kozhikode...

Youngsters sit inside Humes pipes at a city street in Kolkata...

Youngsters sit inside Humes pipes at a city street in Kolkata...

Devotees performs 'Deodhani', a traditional folk dance from the Indian state of Assam...

Devotees performs 'Deodhani', a traditional folk dance from the Indian state of Assam...

Children stand waist-deep in flood water as they wait for rescue workers in Katihar...

Children stand waist-deep in flood water as they wait for rescue workers in Katihar...

A  file photo of  Infosys CEO Vishal Sikka...

A file photo of Infosys CEO Vishal Sikka...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

Trainee recruits of Army undergo physical training at the Parachute Regiment Training...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A Chimpanzee looks on, at Alipore Zoological Garden in Kolkata...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

A beautiful view of peacock on blooming tree branch at Bengre in Mangaluru...

People with their household belongings move to a relief camp from a flood-hit region...

People with their household belongings move to a relief camp from a flood-hit region...

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.