New Delhi : BJP leader Piyush Goyal has hit back at Rahul Gandhi’s allegations of scams in the stock market. Goyal said that the market cap that the Indian market achieved in the last 60 years was five times more during the tenure of the Modi government. In such a situation, Rahul Gandhi’s allegations are baseless. The people of the country no longer trust his words.
The achievement of India’s economy is not an ordinary achievement. The whole world is watching and understanding it seriously. India is going to develop under the leadership of PM Modi. Rahul Gandhi seems to be very upset about the Modi government being formed once again. In such a situation, he is trying to discourage investors with his statement, Goyal Said.
He said, “During the tenure of the Modi government, the market cap that the Indian market achieved in the last 60 years was five times that. The biggest benefit of this has gone to Indian investors, especially retail investors. Today they don’t just watch the market from a distance. Today they take direct advantage of it by investing. The holding of FPIs which was 21% during the UPA period has come down to 16% today. The share of foreign investors has reduced and that of Indian investors has increased. It has increased from 79 percent to 84%.”
Earlier today, Rahul Gandhi alleged that comments made by Prime Minister Narendra Modi and other ministers led to the surge in the stock market ahead of the counting, and that the stock market crashed after the election result, causing huge losses for investors. Terming it the “biggest stock market scam,” Gandhi called for an JPC investigation.