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Traders in Mumbai started the day with a shock as India began tallying votes from a seven-week election and it became clear that the government of Narendra Modi was not doing nearly as well as expected. By the end of trading on Tuesday, the markets were down 6 percent, nearly wiping out the year’s gains.
In India’s last general election, in 2019, Prime Minister Narendra Modi’s party won 303 of 543 parliamentary seats — nearly six times as many as the main opposition party, the Indian National Congress. It was a stinging electoral blow for the Congress, a once-dominant party that has appeared greatly diminished in recent years, and exit polls in this year’s election had not suggested it would fare much better.
NEW DELHI -- Election Commission officials on Tuesday began counting ballots cast over India's six-week general election, which closed on June 1.
WASHINGTON -- U.S. President Joe Biden will attend a summit with his Quad partners after the election this year, a senior national security adviser told Nikkei Asia, reviving delayed talks that had led to questions over the four-way grouping's importance.
Prime Minister Narendra Modi’s ruling party will likely need help from junior partners to form a government under the rules of India’s parliamentary system, early election results indicated on Tuesday.
Ten years after Narendra Modi was first elected prime minister, India’s economy is roughly twice as large. That is what happens when a country grows at 7 percent a year, as India has been doing, on average, since it opened its markets to international competition in 1991.
Europeans head to the polls this week in closely watched elections that threaten to shake the bloc's traditionally mainstream political landscape.
Vote counting is underway in India’s 2024 Lok Sabha election. Results in the world’s largest election could also be among its most consequential; voters are choosing 543 members for the lower house of Parliament for a five-year term.