With political stability secured, no worry for the economy: IIFL’s Nirmal Jain

News Snapshot:

Saturday’s exit polls predict that the ruling Bharatiya Janata party-led National Democratic Alliance will win at least 350 Lok Sabha seats in the just-concluded national election, making for a clear majority in Parliament that would allow for policy and fiscal continuity. When the Election Commission of India announces the voting results on 4 June, the markets will be tracking the margin of victory for the NDA, and not wondering about a possible loss, said Nirmal Jain, founder of financial conglomerate IIFL Group. The government that takes charge once the results are officially announced has its task cut out, Jain said....