 "A woman shows her ink-marked finger after casting her vote at a polling station in Majuli")
If asset values are any indication, investors aren’t too concerned as India kicks off its elections that will decide whether Prime Minister Narendra Modi retains power.
The nation’s stocks are holding near a record hit last week, the rupee is Asia’s top-performing currency over the past month and bonds yields recently fell to this year’s lowest. While opinion polls show the ruling party winning with a reduced majority, the sentiment is being aided by a gush of foreign flows, prospects of a revival in company earnings and a further cut in interest rates.
“The prospect of a second term for
