Narendra Modi’s alliance falls short of expected election landslide triggering stock market drops
Indian prime minister Narendra Modi’s alliance was headed for a narrow majority as vote-counting in the general election neared completion yesterday, with its tally well short of an expected landslide in a surprise setback for the populist leader.
Mr Modi’s own Bharatiya Janata Party (BJP) was falling short of a majority of its own in the 543-member parliament, the trends showed. Having to depend on allies to form the government could introduce some uncertainty into policymaking after a decade in which Mr Modi has ruled with an authoritative hold.
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