Stock market journalist
Daily Stock Markets News

India election results 2024: Modi claims victory but falls short of full


NEW DELHI (AP) — Prime Minister Narendra Modi declared victory for his alliance in India’s general election, claiming a mandate to move forward with his agenda, even though his party lost seats to a stronger than expected opposition, which pushed back against his mixed economic record and polarizing politics.

“Today’s victory is the victory of the world’s largest democracy,” Modi told the crowd at his party’s headquarters Tuesday, saying Indian voters had “shown immense faith” both in his party and his National Democratic Alliance coalition.

Over 50 countries go to the polls in 2024

Official results from India’s Election Commission on Wednesday showed the NDA won 294 seats, more than the 272 seats needed to secure a majority but far fewer than had been expected.

For the first time since his Hindu nationalist Bharatiya Janata Party swept to power in 2014, it did not secure a majority on its own, winning 240 seats — far fewer than the record 303 it won in the 2019 election.

That means Modi will need the support of other parties in his coalition — a stunning blow for the 73-year-old, who had hoped for a landslide victory. During campaigning, Modi said his party would likely win 370 seats and his allies another 30 seats.

He now depends on the support of key allies, including the Telugu Desam Party in southern Andhra Pradesh state with 16 seats and Janata Dal (United), which won 12 seats in eastern Bihar state, as well as smaller groups.

“Indian voters can’t be taken for granted,” said the Times of India newspaper in an editorial. “Voters have clearly indicated that jobs and economic aspirations matter. The economic message from the results is that jobs matter.”

The Congress party won 99 seats, improving its tally from 52 in the 2019 elections. Among its key allies, Samajwadi Party won 37 seats in northern Uttar Pradesh state in a major upset for the BJP; All India Trinamool Congress bagged 29 seats in West Bengal state; and the Dravida Munnetra Kazhagam 22 seats in southern Tamil Nadu state.

The opposition INDIA coalition won a total of 232 seats.

The BJP may now be “heavily dependent on the goodwill of its allies, which makes them critical players who we can expect will extract their pound of flesh, both in terms of policymaking as well as government formation,” said Milan Vaishnav, director of the South Asia Program at the Carnegie Endowment for International Peace.

“At the very least, the result pricks the bubble Prime Minister Modi’s authority. He made this election about himself,” said Pratap Bhanu Mehta, a political commentator. “Today, he is just another politician, cut to size by the people,” he said in an article in The Indian Express daily.

More than 640 million votes were cast in the marathon election held over a span of six weeks in the world’s largest democratic exercise.

In the face of the surprising drop in the BJP’s support, challengers claimed they had also won a victory of sorts, with the main opposition Congress party saying the election had been a “moral and political loss” for Modi.

“This is public’s victory and a win for democracy,” Congress party President Mallikarjun Kharge told reporters.

Despite the setback, Modi pledged to make good on his election promise to turn India’s economy into the world’s third biggest, from its current fifth place, and not shirk with pushing forward with his agenda.

He said he would advance India’s defense production, boost jobs for youth, raise exports and help farmers, among other things.

“This country will see a new chapter of big decisions. This is Modi’s guarantee,” he said, speaking in the third person.

Many of the Hindu nationalist policies he’s instituted over the last 10 years will also remain locked in place.

Modi’s win was only the second time an Indian leader has retained power for a third term after Jawaharlal Nehru, the country’s first prime minister. Before Modi came to power, India had coalition governments for 30 years.

Congratulations for Modi from leaders of regional countries including neighboring Nepal and Bhutan flowed in, while the White House commended India for its “vibrant…



Read More: India election results 2024: Modi claims victory but falls short of full

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.