Jefferies' Christopher Wood praises PM Modi: Done more than ‘any other world leader’ - Hindustan Times
close_game
close_game

Jefferies' Christopher Wood praises PM Modi: Done more than ‘any other world leader’

By | Edited by Mallika Soni
May 24, 2024 10:37 AM IST

Christopher Wood said that PM Modi has made a huge difference to India. The change can be seen in construction of 11.10 crore household toilets, he said.

Jefferies' Christopher Wood said that PM Modi has made more positive differences to people’s lives in the ten years he has been in power "than any other leader of a government in the world today." In his latest GREED & fear note, Christopher Wood noted that foreign media has been trying to report that the BJP is not doing well in the elections so much so that PM Modi’s speeches are being scrutinised for language viewed as populist.

PM Narendra Modi in Delhi. Christopher Wood said that PM Modi has made a huge difference to India. (Vipin Kumar/HT Photo)
PM Narendra Modi in Delhi. Christopher Wood said that PM Modi has made a huge difference to India. (Vipin Kumar/HT Photo)

Read more: Want to invest in stock market? Bernstein predicts a short-term rally soon if…

He said, “The election is now mid-way through with two-thirds of seats already voted for. Overall voter turnout is 2ppts below the 2019 level so far with Phases 1 and 2 seeing much lower turnout of 5ppts and 3.6ppts below 2019 levels respectively. This is raising concerns that the BJP will not do as well as previously assumed.”

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

But PM Modi has made a huge difference to India, he said, adding that the most basic change can be seen in the construction of 11.10 crore household toilets in rural India.

Read more: Nifty breaches 23,000-mark for first time, Sensex hits new all-time high

He said, “This is why a repeat of the shock BJP defeat in 2004 remains unlikely in the extreme. At that time the Sensex corrected by 17% in the two days after the election results on May 13, 2004. In GREED & fear’s view there would be an even worse outcome in the event of a repeat of such a shock result.”

Read more: Sam Altman wants ex employees to freely speak against OpenAI: ‘We're sorry’

"Still even if the BJP wins by “only” the number of seats in the last general election held in 2019 that is quite enough to run the government as the past five years have demonstrated. In the last general election in 2019 the BJP won 303 seats in the Lok Sabha, up from 282 in 2014. Remember that Modi originally set a target of 370 seats for the BJP and 400+ for the BJP-led alliance (NDA) in the current general election," he said.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, June 14, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On