Test of endurance: Narendra Modi's second lap outruns Manmohan Singh's

But 10-year returns finish line still elusive

The market performance under the National Democratic Alliance’s (NDA’s) second five-year term has been better than that of the United Progressive Alliance’s (UPA’s) second tenure. However, the composite return for the 10-year term under Manmohan Singh has been better than that under Narendra Modi.

The benchmark S&P BSE Sensex rose 87 per cent during Prime Minister Modi’s second term, compared to an 80 per cent gain during his predecessor Singh’s second term. However, the 30-share index increased 2.7x during Singh’s first term, against just a 55 per cent rise during Modi’s first term.

As a result, the Sensex delivered 5x