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India s stock market hit an all-time high last week, as investors anticipate a third term for Prime Minister Narendra Modi will boost corporate profits. However, consumer debt poses a significant risk. Slow wage growth, high interest rates, and heavy borrowing have strained spending for over 300 million families. Despite this, investors expect post-election growth in private capital expenditure and infrastructure projects

New delhiNarendra modiZico dasguptaNikhil guptaMotilal oswalRahul gandhiIndia incSrinivas raghavendra at azim premji universityGandhi congress partyMotilal oswal financial services ltdVadilal industries ltdPrime minister narendra modiBloomberg economicsChief economist nikhilSrinivas raghavendraAzim premji university