Modi regime faces economic headwinds as India’s stock market underperforms in Asia: report 

New Delhi/New York (Web Desk): A recent report by global financial publication Bloomberg has raised serious concerns over India’s economic trajectory, criticising the economic policies of the Modi government and warning of growing vulnerabilities in the country’s financial system.

According to the report, the Indian economy is currently grappling with significant pressure and instability, with forecasts suggesting further strain in the coming days, particularly due to a likely surge in energy prices and broader economic headwinds.

Bloomberg highlighted that the Indian stock market is under considerable stress and has emerged as one of the weakest performers in Asia at present. This downturn, the report noted, has significantly shaken investor confidence and added to concerns about market stability in the region.

Economists cited in the report warned that inflationary pressures in India are expected to intensify further, while the risk of a deepening oil crisis also remains a major concern for the economy.

The report further revealed that India’s state-owned oil companies are currently facing substantial financial losses of approximately 300 billion rupees every month, placing a heavy burden on the country’s fiscal balance and overall economic outlook.

Critics, as noted in the report, argue that the current government’s economic approach and policy priorities have contributed to rising uncertainty and instability, leaving the public increasingly exposed to inflationary pressures and ongoing economic challenges.