On January 23, 2021, Indian Prime Minister Narendra Modi addressed a public meeting at Jerenga Pathar in Sivasagar district of Assam, India.
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Indian Prime Minister Narendra Modi looks set to secure a rare third consecutive term as local exit polls on Saturday showed his Bharatiya Janata Party-led alliance would secure a parliamentary majority.
According to a summary of exit polls by local news channel NDTV, the Bharatiya Janata Party-led National Democratic Alliance is expected to About 365 seats out of 543 secured in the House of Commons. The party or coalition that wins at least 272 votes will form the government. Tuesday’s final results are expected to differ from what exit polls predicted.
If the exit poll results, which have a mixed record, are confirmed, Modi will remain the country’s prime minister for another five years – a position he has held since 2014.
Voting in India, the world’s largest democratic election with nearly 1 billion eligible voters, began on April 19 and was conducted in seven phases over the past six weeks. All compete.
Under Modi’s decade of rule, India’s economy has grown strongly and its international reputation has soared. India has a population of 1.4 billion one of the fastest growing economies Growth of 7.2% in fiscal year 2022-2023, achieving Second highest growth rate among G20 countries. this International Monetary Fund Program The Indian economy is expected to grow by 6.8% in 2024 and 6.5% in 2025 China is expected to grow by 5% in 2024 and 4.5% in 2025.
Some economists are even more optimistic. Sujan Hajra, chief economist at Anand Rathi Share and Stock Brokers, told CNBC: “The bigger you get, the more difficult it is to maintain very high levels of growth, but I think 7%-7.5% growth is possible,” adding, Improving infrastructure will be a top priority to spur growth.
“Improving soft infrastructure such as the national healthcare network will receive more emphasis this time than hard infrastructure because a lot of work has been done in this regard,” Hajja said.
inside BJP obviously During the upcoming term, Modi has promised that his government will promote India to become one of the world’s three largest economies, actively eradicate poverty, open up new avenues for growth and tackle corruption.
While global leaders are optimistic about India’s growth trajectory under Modi, observers and critics warn that the prime minister’s third term could bring more signs of democratic backsliding. He was also charged Hate speech calling Muslims “infiltrators”“At a rally just days after voting began. India’s religious divide and unemployment remain hot topics during the election.
According to a survey conducted by the Center for the Study of Developing Societies, 27% of 10,000 respondents were most concerned about unemployment. More than half (62%) of respondents also said finding a job has become more difficult in the past five years of Modi’s second term.
Modi It is said March said he was confident the BJP and the broader National Democratic Alliance would win a total of 400 seats, but analysts said that was less important as long as he came close to the 303 seats he secured in 2019.
Senior Portfolio Manager Malcolm Dorson said: “The outlook for Indian equities remains very positive as we have seen the improvements and efficiencies he has brought from a governance perspective since 2019 with 303 seats .
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