Modi Rallies Allies as Election Results Highlight Key Kingmakers
TL;DR
Indian Prime Minister Narendra Modi is set to meet with allies to discuss forming a government after his BJP lost its outright majority in parliament, winning 240 seats, 32 short of the halfway mark. The NSE Nifty 50 and S&P BSE Sensex fell slightly in early trade following a significant drop due to investor concerns over the election results. Despite the reduced majority, Fitch expects broad policy continuity. The opposition INDIA alliance, led by Rahul Gandhi's Congress party, won 230 seats, with Congress itself securing 99 seats.
Topics:worldpolitics#bjp#government-formation#indian-elections#market-reaction#narendra-modi#politics
- India's Modi, allies to meet after humbling election verdict Reuters India
- Lok Sabha Results 2024: Why BJP's top NDA partners may stay with the alliance – and why they might leave The Indian Express
- Lok Sabha Election 2024 Result: INDIA Bloc+? Congress May Send Feelers To Chandrababu Naidu, Nitish Kumar NDTV
- Modi Seeks to Shore Up Coalition to Secure Third Term in Power Bloomberg
- Elections result 2024: Nitish Kumar, Chandrababu Naidu emerge kingmakers The Hindu
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