Indian industry leaders express confidence in the economy s resilience despite the NDA-BJP government s unexpected outcome without an absolute majority. They anticipate policy continuity but caution about potential hurdles due to a stronger opposition and diverse political ideologies. The focus may shift to consumption, welfare schemes, and rural sectors. Stability is crucial for reforms, but the BJP s shortfall could complicate passing contentious reforms. However, the economy s growth agenda is expected to continue, with an emphasis on inclusivity and job creation.
Hyderabad: As the Lok Sabha elections started to trickle in, the heat on the Bharatiya Janata Party resulted in a meltdown in stock markets, with the Sensex and the Nifty crashing on the opening bell.
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The overall bias remains on the positive side, and the Nifty seems to have stabilised near the 22,500 zones in the last 2-3 sessions despite volatility.