With Modi's improved chances of getting re-elected, Goldman sachs upgrades India's ranking
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The increased chances of re-election for the Modi government in India in the upcoming Lok Sabha election has worked in favour of boosting the confidence of Goldman Sachs bank. The international bank has recently raised its outlook on India to 'overweight' on high foreign fund inflows. This is based on the assumption that Modi-led BJP will secure a majority in the election. The stock market is also uprising for the last few days.