Here's your summary from India's Growth Remains Intact Despite Modi Losing Majority: BNP's Nguyen (https://www.youtube.com/watch?v=kUsI5VoYJyc) on the Bloomberg Television channel:
### TLDR:
India's growth remains intact despite Modi losing majority, with a potential rotation of funds from China to India.
### Key Points:
1. Markets were surprised by recent events in India and Mexico, highlighting the unreliability of polls and the importance of consensus positioning.
2. Despite political uncertainties in India, there is a positive outlook due to structural reforms, growth momentum, and a potential shift of excess cash from China to India.
3. In Mexico, challenges to institutions may impact the investment thesis, but could lead to smoother government support for state-owned Pemex.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro