ENA Economy 2024-05-28 17:17:33 <p><span style="font-size:14px"><strong>New Delhi, May 28 (KNN)</strong> India's economic policies are expected to remain largely consistent regardless of whether Prime Minister Narendra Modi wins a third term in the upcoming elections, according to former central bank Governor Raghuram Rajan.</span></p> <p><span style="font-size:14px"> There is a lot of continuity built into Indian policy, Rajan said in an interview with Bloomberg TV. Whatever government comes in will take a lot of the good stuff that has been done and continue it. </span></p> <p><span style="font-size:14px">The new government will announce a budget soon after taking office, likely focusing on maintaining positive economic developments while making necessary adjustments, Rajan noted.</span></p> <p><span style="font-size:14px">India's six-week national elections conclude on June 1, with results due on June 4.</span></p> <p><span style="font-size:14px">Modi's Bharatiya Janata Party is widely expected to return to power, though uncertainty remains about whether it will expand its majority as Modi has predicted.</span></p> <p><span style="font-size:14px">Financial markets are bracing for potential volatility if the BJP loses support, amid concerns over a possible shift away from economic reforms.</span></p> <p><span style="font-size:14px">Rajan praised the Modi government's infrastructure spending as necessary but emphasised the need to ensure quality and inclusive benefits moving forward.</span></p> <p><span style="font-size:14px">Estimates suggest India will invest USD 534 billion in new infrastructure from 2024 to 2026, helping boost economic growth to 9 per cent by 2030.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37973 https://knnindia.co.in/news/newsdetails/economy/indias-economic-policy-trajectory-likely-to-stay-steady-despite-elections-result 2024-05-28 17:17:33 knnindia.co.in