Modi declares victory in India election but party faces shock losses and will need coalition
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India shares plunge on concerns of a narrower win for India’s Modi
At day’s low, indexes saw biggest intraday fall since March 2020, when stocks were battered by first COVID-19 lockdown.
India’s popular but polarizing leader Narendra Modi is extending his decade in power. Who is he?
NEW DELHI (AP) — India’s Prime Minister Narendra Modi, who claimed victory for his alliance in an election seen as a referendum on his decade in power, is a popular but polarizing leader who has presided over a fast-growing economy while advancing Hindu nationalism.
Needing Help to Stay in Office, Modi No Longer Appears All-Powerful
Suddenly, the aura of invincibility around Narendra Modi has been shattered.
India’s Stock Market Tumbles on Close-Run Election Result
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.