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Indian Prime Minister Narendra Modi has claimed victory in the general election, even as his Bharatiya Janata Party (BJP) looks to be falling short of securing a majority of its own and therefore requiring the support of smaller regional allies to return to power.
European markets closed lower Tuesday, as positive momentum from the past few days faltered.
Defying exit polls, opposition parties stun the BJP in vital states, resetting India’s political landscape.
At day’s low, indexes saw biggest intraday fall since March 2020, when stocks were battered by first COVID-19 lockdown.
The president of India’s main opposition party says the failure of Prime Minister Narendra Modi and his BJP to win an outright majority shows his ‘political and moral defeat’ after a campaign heavily focused on the leader and his personality.
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.
NEW DELHI — Indian Prime Minister Narendra Modi's alliance was winning a majority of seats in early vote counting trends in the general election on Tuesday (June 4), but well short of the landslide predicted in exit polls, TV channels showed.
