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Press Release – 2019 Lok Sabha Election Results
Market celebrated on Thursday as Nifty tested the level of 12000 and made all time high whereas Sensex made an all-time high testing the level of 40000. This is the historic victory which came after 48 years that an incumbent prime minister is heading a majority government is voted back with majority. Now that the stable Government is once again in rule emphasis would be placed on education system and creating job opportunities along with plumbing of the financial system.
The threat and uncertainty which was there due to the global uncertainty will be cooled off as stable government is in continuation. Big reforms including the introduction of a unified tax system, insolvency and bankruptcy rules and demonetization will be in place and now be carried out more effectively. All these factors will be proved very positive for Indian economy as sky is the limit for India.
The manifesto which was released by BJP will play a very impactful role and focus would be on fulfilment of those 75 promises mentioned in the manifesto. Mr. Ritesh Ashar, Chief Strategy Officer (CSO) – KIFS TradeCapital - The long-term investment opportunity in India remains firmly in place, and we expect good-quality companies to continue to grow. The confidence of FII will reinstate and the fund flow is expected to increase. Now the foremost focus will be on cabinet meeting and which candidate will play the major role and who will be selected as the Finance minister of India.