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Narendra Modi’s Bharatiya Janata Party, seen as pro-business, won a majority of 282 seats out of 543.
Narendra Modi’s Bharatiya Janata Party, seen as pro-business, won a majority of 282 seats out of 543.
(AMIT DAVE/REUTERS)

Fairfax to launch India fund after Modi victory

Prem Watsa is bullish on India in the wake of a landslide electoral victory for Narendra Modi – so much so that the head of Fairfax Financial Holdings Ltd. plans to launch a publicly listed India fund.

On Friday, Mr. Modi and his right-leaning Bharatiya Janata Party won a resounding victory in India’s five-week national elections on a campaign platform that promised economic growth and development after years of corruption scandals and slowing growth under the rival Indian National Congress party.