Synopsis: Prime Minister Narendra Modi, in an exclusive interview with NDTV's chief editor Sanjay Pugalia, projected a record-breaking performance for the Indian stock market on June 4, coinciding with the announcement of the Lok Sabha election results. Modi defended his government's job creation record and highlighted the increasing interest of young investors in the stock market. The ongoing general elections and their potential impact on market trends were also discussed.
In an exclusive conversation with Sanjay Pugalia, chief editor of NDTV, Prime Minister Narendra Modi expressed optimism about the Indian stock market's performance on June 4, the day Lok Sabha election results are announced. He confidently predicted that the market would break records, reflecting the public's support for his government.
Defending his administration's track record on job creation, Modi dismissed opposition criticisms and noted the growing interest of young people in stock market investments. "The markets’ performance during 'election week' will be a clear indicator of who is likely to form the next government," he remarked.
PM Modi highlighted the significant growth in the stock market since his government took office, noting, "When we took over, the markets were at 25,000; today, they stand at 75,000." He pointed to the rising valuations of Public Sector Undertaking (PSU) banks as a testament to the government's economic policies.
"The programmers who manage the stock market will have their hands full on June 4," Modi quipped, emphasizing the anticipated surge in market activity.
As the fifth phase of the 2024 general elections unfolds, voting is taking place for 49 Lok Sabha seats across six states and two Union territories, including Bihar, Uttar Pradesh, West Bengal, and Maharashtra. This phase follows previous voting rounds on April 19, April 26, May 7, and May 13.
Modi also shared his vision for the future, stating that the first 125 days of the new term would focus on meeting the aspirations of the youth. "The current developments are paving the way for a brighter future," he said, underscoring his commitment to economic growth and development.
As the nation waits for the election results, market analysts and investors are keenly observing the trends, anticipating the impact of the political outcome on India's financial landscape.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies. We advise investors to check with certified experts before making any investment decisions.
Related Questions
1. What did Prime Minister Narendra Modi predict about the stock market on June 4?
Prime Minister Narendra Modi predicted that the stock market would break records on June 4, reflecting public support for his government.
2. How did PM Modi defend his administration's track record on job creation?
PM Modi dismissed opposition criticisms and noted the growing interest of young people in stock market investments as a defense of his administration's job creation track record.
3. What significant growth in the stock market did Modi highlight?
Modi highlighted that the markets were at 25,000 when his government took office and have grown to 75,000 today.
4. What did Modi emphasize about the stock market activity on June 4?
Modi quipped that the programmers who manage the stock market would have their hands full on June 4, emphasizing the anticipated surge in market activity.
5. What did Modi share about his vision for the future after the election results?
Modi stated that the first 125 days of the new term would focus on meeting the aspirations of the youth, emphasizing his commitment to economic growth and development.
.jpg)
