(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.The Indian stock market’s honeymoon with Prime Minister Narendra Modi’s government is under strain.In the first year of Modi’s second term, India has erased more shareholder wealth than any other country on the planet, except Brexit-swayed Britain. That contrasts with his first term of five years, when his reputation as an economic reformer fueled an increase of almost 50% in equity market capitalization.Today, the economy as well as equity values are sinking. Economic growth slumped to an 11-year low even before the full onset of …read more
Source:: Yahoo Finance
