Key Points
New Delhi: The market capitalisation of Indias stock market grew faster under the 2004-14 period of the United Progressive Alliance (UPA) than in the 10 years so far of the Modi government, an analysis by ThePrint shows.. That said, the growth in assets under management of mutual funds grew faster under the Modi government, as did the number of active participants in the stock market...
Further, while the share of foreign holdings in Indian stock markets has fallen, this wasnt due to any actions India has taken, but rather in response to global factors, according to the National Stock Exchange (NSE)...
In response to Congress leader Rahul Gandhis allegations of stock market manipulation by Bharatiya Janata Party (BJP) leaders particularly Narendra Modi and Amit Shah BJP leader Piyush Goyal held a press conference Friday in which he highlighted several achievements of the Modi government with regard to the stock market...
The number of stock market participants as recorded by the National Securities Depository and Central Depository Services grew from 40.7 lakh to 218 lakh under the UPA, and further to 15.1 crore under the Modi government..
On the flip side, the share of foreign portfolio investors holdings in Indian stock markets has fallen below 18 percent for the first time in nearly 12 years a trend highlighted by Goyal in his press conference as an achievement of the Modi government...
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