Government

Narendra Modi to be Sworn in as Prime Minister for Third Term

Published June 9, 2024

The Rashtrapati Bhavan has officially announced that Narendra Modi is set to be sworn in for his third term as the Prime Minister of India. The highly anticipated oath-taking ceremony is scheduled to take place on Sunday, drawing attention from both national and international platforms. This grand event will not only mark the continuation of Modi's leadership but also witness the swearing-in of his Council of Ministers. The administration is prepping for the ceremony which is expected to attract dignitaries and officials from various sectors.

Impact on the Market

As this political milestone approaches, market spectators and investors are keeping a close eye on the developments, expecting potential impacts on various economic sectors. One noteworthy entity in the global market is Alphabet Inc. GOOG, the parent company of Google. Alphabet Inc., an American multinational conglomerate, has consistently maintained its status as one of the world's most valuable and revenue-generating technology companies. This event could potentially have an indirect influence on investor sentiments and market dynamics, given India's positioning as a burgeoning digital market.

About Alphabet Inc.

Headquartered in Mountain View, California, Alphabet Inc. GOOG was established following a strategic restructuring of Google on October 2, 2015. The company today stands tall as the overarching parent of Google along with various other subsidiaries that were once part of Google's empire. Alphabet continues to thrive under the stewardship of its co-founders, who remain significant shareholders, board members, and active employees within the conglomerate. As a major player in the tech industry, Alphabet's movements are often seen as indicators of broader market trends, the company's performance being integral to the technology sector at large.

Modi, Oath, Ceremony