Expressing confidence in the pro-market reforms that his government started in the last 10 years, Prime Minister Narendra Modi said that on the day of counting of votes on June 4 both the BJP and the Sensex will touch record numbers.
Discussing about the remarkable performance by Bharatiya share markets in the last 10 years, Prime Minister Modi called the rise of Sensex from around 25,000 to around 75,000 points ‘historic’. He said that this also reflects the trust the stock markets have placed in the government.
‘Recently, we reached a whopping $5 trillion market cap for the first time ever’, said Prime Minister Narendra Modi.
PM Modi also added, ‘In the last 10 years, the number of demat accounts increased from just 2.3 crore to over 15 crore while the number of mutual fund investors increased to 4.5 crore today from 1 crore in 2014’.
PM Modi said that the performance of the share markets is also sign of the high morale of the Bharatiya investors. He said that the reforms by his government have created a robust financial ecosystem allowing more citizens to participate and benefit from the rise in stock markets’.
Prime Minister Modi said that there is a clear sign of the financialisation of savings in the last 10 years. As per the latest report, Nifty was above 22,650 and Sensex up 270 points.
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