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Sunday, June 23, 2024

Modi Set to Begin Record-Equalling Third Term

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Indian Prime Minister Narendra Modi is expected to be sworn in for a third term on June 8, following the loss of his party’s parliamentary majority in a recent election.

Despite the setback, key allies in his National Democratic Alliance coalition, the Telugu Desam Party and Janata Dal (United), have pledged their support, ensuring his continued leadership.

The NDA secured 293 seats, surpassing the 272 needed to form a government, with Modi’s BJP winning 240 seats.

Modi’s reliance on regional allies may complicate his reform agenda, with ratings agency Moody’s warning of potential delays in fiscal tightening.

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