"Indian Markets Plunge as Modi's Election Victory Disappoints"

Indian Prime Minister Narendra Modi's weakened electoral victory has led to concerns among foreign investors about the future of business-friendly reforms in India. The BJP's loss of a majority has caused significant stock market sell-offs and a record $1.5 billion in net foreign selling. Investors are now cautious, focusing on rural support and welfare spending, which may delay anticipated land and labor reforms. Despite the uncertainty, some see this as a buying opportunity, though overall exposure to India is being reassessed.