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Business Daily: India: Modi Magic?

24/06/2014

India: Modi Magic?

BBC World Service - Business Daily, India: Modi Magic?

India's stocks have surged with the election of Narendra Modi. But is this sustainable?

India's stock market has surged since the election of Prime Minister Narendra Modi. And, Japan is bouncing back after a massive fiscal stimulus but is the recovery sustainable?

Two Asian economies seemingly on the rise - India on the back of a massive injection of business confidence after the election of new Prime Minister Narendra Modi, and Japan, after a massive injection of central bank cash. But are these recoveries actually sustainable? We hear from Ashish Chauhan, the CEO of the Bombay Stock Exchange on why he thinks the recent surge there is not over-optimistic. And we have a report from Kamakura, a seaside town south of Tokyo, on the eve of new measures from the government of Shinzo Abe to further stimulate the Japanese economy. And the BBC's Katy Watson reflects on her battles with bureaucracy and red tape as she sets up as a reporter in Sao Paolo, Brazil.

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