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    Published On : Thu, Jan 21st, 2016
    Opinion of the Day | By Nagpur Today Nagpur News

    What led to markets losing all they gained since Modi became PM

    The Indian markets have nosedived over a combination of internal and external factors. In fact, the markets seem to have lost all that they gained since May 16, 2014, when Prime Minister Narendra Modi-led NDA to a comfortable victory in the Lok Sabha polls.

    Here’s a look at the factors:

    Factor 1: Plunging crude prices
    US crude plunged to its lowest level since 2003 as the global market drowns in over supply.

    Factor 2: China-led global slowdown
    The IMF has slashed its global forecasts after new figures from China showed that the world’s second-largest economy grew at its slowest pace in 25 years in 2015.

    Factor 3: Weakening Rupee
    The rupee is inching closer to a record low of 68.85 to a dollar. Foreign investors are pulling out of emerging markets including India which is pushing down the rupee’s value.

    Factor 4: Slow earnings growth
    Corporate earnings and domestic demand have remained sluggish for some quarters now as investors are looking for more reforms.

    Crucial bills like GST & land acquisition are stuck in Parliament due to political logjam.

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