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Modi 3.0: Private banks still bullish on India despite surprise election result

New Delhi, India 4 June 2024: Prime Minister Narendra Modi is showing victory sign with both hand to supporters at Bharatiya Janata Party office amid the results of the Indian General Election 2024.

Asia’s private banks remain bullish on India in the long term despite volatility in shares and bonds sparked by Prime Minister Narendra Modi’s surprise failure to secure a parliamentary majority. Modi, of the ruling Bharatiya Janata Party (BJP), is set to be India’s Prime Minister for a third term after a tight election in which the party fell short of…

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