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Modi’s Belt-Tightening Push Raises Pessimism Around India Stocks

By Bloomberg Markets May 13, 2026 Neutral
Modi’s Belt-Tightening Push Raises Pessimism Around India Stocks
Prime Minister Narendra Modi’s push to curb fuel and gold consumption has added to uncertainty in India’s already weak stock markets, raising concerns that moves meant to protect the economy may end up cooling overall spending.
Prime Minister Narendra Modi’s push to curb fuel and gold consumption has added to uncertainty in India’s already weak stock markets, raising concerns that moves meant to protect the economy may end up cooling overall spending.