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.
Indian stock markets are likely to be volatile on Thursday tracking global equities that tumbled after the US Federal Reserve's comments on recession.
However, positive investor sentiment due to the Indian government's liquidity and credit flow measures may help offset losses in today's trade.
Trends in SGX Nifty suggest a negative opening for key domestic indices. Finance minister Nirmala Sitharaman on Wednesday announced 15 measures aimed to boost largely MSMEs, real estate sector, NBFCs and discoms.
These measures are part of the ₹20 trillion economic package that Prime Minister Narendra Modi this week. Sitharaman offered struggling small businesses, India's dominant job creators, a rescue package that includes credit guarantees, equity