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'After June 4, new records will be made in the market', PM said - will reach from 25000 to 75000 in 10 years
PM on Market: Prime Minister Narendra Modi defended his government's track record on job creation, rejecting opposition criticism in a conversation with NDTV. Apart from this, he said that the number of youth investing in the stock market is continuously increasing.
Indian Prime Minister Narendra Modi has made a big comment on the performance of the stock market. He said that after June 4, the Indian market will reach new heights. The PM said that during his tenure in the last 10 years, the stock market (Sensex) reached the level of 25000 to 75000. This will gain further momentum after the election results. The market will surge so much that its participants will get exhausted. The results of the Lok Sabha elections are to be declared on June 4.
In an interview with NDTV, Prime Minister Narendra Modi refuted criticism leveled at his government's record on creating jobs. In addition, he mentioned that there is a steady rise in the number of young people making stock market investments.
PM Modi said that when his government took power, the market Sensex was at 25,000, and currently it is at the level of 75,000. "Take a look at the public sector undertaking (PSU) banks; their stock market valuations are rising," he said. PM Modi said that the programmers who operate the stock market will get tired of the action in the market on June 4. So wait and see.
