Modi’s Election Setback Only a Blip for Some Global Stock Funds
- Investors say outcome won’t derail growth, will buy the dip
- Rout gives entry into India’s economic upcycle: Julius Baer
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For many foreign investors, India’s near-$400 billion stock-market wipeout on Tuesday is just another opportunity to buy into what they see as one of the world’s most promising economies.
While Prime Minister Narendra Modi will undoubtedly find it trickier to pass tough reforms after his party lost its majority in the lower house of parliament in the just-concluded national elections, several global money managers say the investment case for Indian stocks remains intact.