Indian Prime Minister Narendra Modi's Election Results

SOURCE www.cnbc.com
Indian Prime Minister Narendra Modi falls short of an outright majority in the country's lower house of Parliament, raising questions over his popularity and risks stifling immediate policies. Modi will have to seek power-sharing agreements for a historic third term in power.

Key Points

  • Modi will have to seek power-sharing agreements for a historic third term in power.
  • Unemployment and governance issues are dominating voters' minds in India.
  • Modi aims to keep potential growth at 6-7% despite a weakened mandate.

Pros

  • Modi declared victory for a third consecutive time in India's history.
  • India has witnessed robust economic growth under Modi's leadership.
  • Modi aims to make India one of the world's top three economies and combat corruption.

Cons

  • Modi's BJP fell short of an outright majority in the lower house of Parliament.
  • The reduced majority raises questions over Modi's popularity and risks stifling immediate policies.
  • The unemployment rate in India rose to 8.1% in April.