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India’s decade of transformation under Modi

10 37
yesterday

By Nirmal Jain

When Narendra Modi took office in May 2014, India was a nation with enormous promise but uneven delivery. Eleven years later, the story has been rewritten in bold strokes: a more confident economy, deeper social inclusion, and markets that reflect a new global stature.

Back in 2014, the Sensex hovered around 24,700 and the Nifty at 7,350. Today, they stand at nearly 82,000 and 25,000 — more than tripling under Modi’s tenure. Market capitalisation of BSE-listed firms has surged from about Rs 85 lakh crore to over Rs 460 lakh crore, a more than fivefold leap. Even in dollar terms, India’s equity market has grown from roughly $1.2 trillion to between $4.4-5.5 trillion, placing it among the world’s top........

© The Financial Express