Narendra Damodardas Modi (born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. He was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament for Varanasi. Modi is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist volunteer organisation. He is the first prime minister outside of the Indian National Congress to win two consecutive terms with a full majority and the second to complete five years in office after Atal Bihari Vajpayee.
Fiscal stimulus is new unknown for India’s jittery bond traders
The sovereign bond market is already showing signs of great strain With record borrowings slated to start in April, India’s bond markets are grappling with another unknown -- the size of any additional fiscal stimulus to combat the coronavirus and how it will be funded.
Prime Minister Narendra Modi’s decision on Tuesday to put the nation under a three-week lockdown is seen as necessary to contain the spread of the virus, but it is also likely to bring an immediate hit to already sagging economic growth.
Offsetting this is going to take a lot more spending, likely fueled by debt issuance. The sovereign bond market is already showing signs of great strain.
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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