The general elections, held between April 19 and June 1, resulted in a disappointing victory for the National Democratic Alliance (NDA), led by Prime Minister Narendra Modi's Bharatiya Janata Party (BJP), while the front Opposition INDIA (National Alliance for Inclusive Development of India) obtained a much better result than the polls anticipated.
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El BJP de Ways lost its absolute majority and obtained 240 seats compared to 303 in 2019. His alliance (NDA) finally retains the majority in Parliament, although not too comfortably (293 compared to the 272 given by the majority) and very far from the ambitious objective of 400 seats set by the executive during the campaign.
As the results became known, there were even fears that Modi would not be able to revalidate his government and on June 4, the stock market New Delhi suffered severe falls. He Sensex 30 index It plummeted 5,74%, although it recovered over the following days. Modi will continue in the executive for another five years, but a new political period is now opening in which the opposition led by Rahul Ghandi is revitalized and government partners gain more power. Modi will be forced to make concessions to his two main partners, recognizing that losing them both would cost the majority. Analysts also point out that Modi will prioritize economic issues over controversial Hindu nationalist policies, in an attempt to shore up popular support.
Source: CESCE
