Key ally supports Modi after election, majority secured, but BJP falls short with 240 seats.

From Investing.com: 2024-06-05 02:50:45

A key ally of Indian Prime Minister Narendra Modi pledged support as Modi aims for a third term. The NDA won 293 seats, securing a majority, but Modi’s BJP fell short with 240 seats. Despite concerns, Fitch expects policy continuity, even with a lower majority. Newspapers say Modi’s halo has dimmed.

The weakened majority could pose challenges for Modi’s reform agenda, but necessary reforms are still feasible. Meanwhile, Rahul Gandhi’s opposition alliance won more seats than forecast, with Congress almost doubling its seats to 99. Gandhi’s unexpected surge is likely to boost his standing. The alliance will meet to discuss future plans.



Read more at Investing.com: India’s Modi, allies to meet after election verdict, key ally pledges support By Reuters