Public No Longer Trusts Rahul Gandhi: Khanna

Shimla: The achievements of India’s economy under Prime Minister Narendra Modi are not ordinary; the whole world is taking it seriously. Under Modi’s leadership, India is progressing, and the formation of the Modi government once again is causing significant distress to Rahul Gandhi. Consequently, Gandhi is trying to discourage investors with his statements. Election results often cause fluctuations in the equity market, but these are normal variations. These remarks were made by senior BJP leader Avinash Rai Khanna in response to Rahul Gandhi’s allegations of scams in the stock market. Khanna also stated that the public no longer trusts Rahul Gandhi.

Khanna elaborated, “This is how equity markets operate globally. The key is to observe the long-term trends in the equity market. Indian investors are aware that during the successful tenure of Modi’s government over the past ten years, our market cap has achieved a milestone of 400 lakh crore for the first time. The market cap of PSUs has also quadrupled during Modi’s tenure. Under the UPA regime, India’s market cap was merely 67 lakh crore rupees, which has now increased to 415 lakh crore rupees. This represents an increase of 348 lakh crore rupees in the last ten years.”

Khanna further added, “In the past 60 years, the Indian market cap was five times less than what has been achieved during Modi’s tenure. This has greatly benefited Indian investors, especially retail investors, who no longer just watch the market from afar but actively invest and reap its benefits. The holding of FPIs (Foreign Portfolio Investors) has decreased from 21% during the UPA regime to 16% today. Foreign investors’ share has reduced, and Indian investors’ share has increased from 79% to 84%.”