Press Esc to close
Saturday 01 August 2015
News updated at 11:07 AM IST
Weather
Max: 29.9°C
Min : 21°C
In Bengaluru
Generally cloudy

'Modi as PM candidate is best for market'

New Delhi, August 26, 2013, DHNS:
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
A farmer plants saplings in a paddy field on the outskirts of in Agartala...

A farmer plants saplings in a paddy field on the outskirts of in Agartala...

Leopard caught in forest department cage at CSIR premises, Manadavadi Road in Mysuru on Friday...

Leopard caught in forest department cage at CSIR premises, Manadavadi Road in Mysuru on Friday...

Actress Chitrangada Singh during the inauguration of a diamond showroom in Bengaluru on Friday...

Actress Chitrangada Singh during the inauguration of a diamond showroom in Bengaluru on Friday...

Artists from Gujarat perform a dance at the Travel and Tourism Fair at Netaji Indoor Stadium...

Artists from Gujarat perform a dance at the Travel and Tourism Fair at Netaji Indoor Stadium...

A woman prays as others take holy dips at Sangam, the confluence of the Rivers Ganges...

A woman prays as others take holy dips at Sangam, the confluence of the Rivers Ganges...

School children pay tribute to former President APJ Abdul Kalam in Gurgaon on Friday...

School children pay tribute to former President APJ Abdul Kalam in Gurgaon on Friday...

Securitymen guard parliament house during the monsoon session in New Delhi on Friday...

Securitymen guard parliament house during the monsoon session in New Delhi on Friday...

Congress Vice President Rahul Gandhi meeting agitating students of FTII...

Congress Vice President Rahul Gandhi meeting agitating students of FTII...

Dukhtaran-e-Millat activists holding placards during their protest against the hanging of Yakub...

Dukhtaran-e-Millat activists holding placards during their protest against the hanging of Yakub...

Policemen in action after a clash between BJP workers and AIIMS coordination committee members...

Policemen in action after a clash between BJP workers and AIIMS coordination committee members...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523