Thursday, July 25, 2024

archiveNomura

India

Nomura says low turnout not a concern, but shift in BJP’s poll rhetoric worries investors

MUMBAI, MAY 18: Market concerns about a low voter turnout scuttling investor bets of a BJP sweep in the elections could be 'spurious' as there is no clear empirical signal of a low turnout hurting the incumbent, analysts at Nomura said. A lower response in past elections has been associated with both incumbent victories and changes in power, the analysts said. However, a shift in election rhetoric of the BJP from governance-centered themes to religious and sectarian issues seems to have spooked markets, with participants trying to comprehend the reasons...
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