India ETF Slides Sharply as Modi's Victory Surprises Investors

Tuesday, 4 June 2024, 23:47
The India ETF experienced a significant decline, the largest since 2021, following Prime Minister Modi's unexpected narrow win in the recent election. Investors were taken aback by the outcome, leading to a substantial drop in the ETF's value. The surprising election result has raised concerns about the future trajectory of India's economy and political landscape.
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India ETF Slides Sharply as Modi's Victory Surprises Investors

India ETF Plunges After Modi's Narrower-Than-Expected Win

The India ETF saw a sharp decline, the most significant since 2021, after Prime Minister Modi secured an unexpected narrow victory.

Key Highlights:

  • Investors were surprised by the election outcome
  • The ETF's value experienced a substantial drop
  • Concerns arise regarding India's future economic and political direction
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