Indian election victory is the ‘best possible outcome’ for stocks

“Indian voters have just handed Narendra Modi their most decisive mandate in 30 years,” says Andy Mukherjee on Breakingviews.com. Modi’s Bharatiya Janata Party won 282 seats out of the 543 contested in the parliamentary general election that ended last week, making it the first party to secure an outright majority since 1984.

The landslide win “ends a tortuous era of coalition politics that has stymied policymaking” and “offers India a way out of its current limbo”.

It’s certainly a “positive development”, says Singaporean bank DBS, but Modi’s new government “is bound to face challenges on several fronts soon [...]

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