Modi's Belt Tightening Push Raises Pessimism Around India Stocks The Indian government's plans to reduce its fiscal deficit and boost economic growth have sent shockwaves through the stock market.
Prime Minister Narendra Modi's administration has outlined a series of austerity measures aimed at stabilizing the country's finances, but these moves are being met with growing pessimism among investors.
Overview of Modi's Economic Agenda Modi's economic agenda centers on reducing India's fiscal deficit to 3% of GDP by 2025. This involves slashing government spending and raising taxes to generate additional revenue.