INDIAN PRIME MINISTER Narendra Modi declared victory as his coalition secured more than half of the parliamentary seats, setting him on course for a third consecutive term — the first in over 60 years.
This follows a six-week-long election in which nearly 1 billion people were eligible to vote.
“The National Democratic Alliance is going to form the government for the third time,” Modi said in a speech at the Bharatiya Janata Party headquarters in New Delhi. “We are grateful to the people. This is a victory for the world’s largest democracy.”
However, BJP’s celebrations seem relatively muted.
Modi’s alliance had set a bullish target of winning 400 out of 543 parliamentary seats. While the BJP secured 240 seats, the NDA alliance’s total is approximately 292, according to India’s election commission. The I.N.D.I.A coalition of opposition parties picked up 234 seats, defying exit polls that predicted a much lower tally.
India’s stock market plunged to a four-year low on news that the governing alliance was winning by a narrower margin than expected, potentially making it harder to pass legislation.
The Indian prime minister received a warm welcome from the American diaspora community during his state visit from June 21 to 23, 2023, strengthening bilateral relations between India and the U.S.
Modi commended the significant contributions of Indian Americans to their host nation and the India-U.S. relationship during a state dinner hosted by President Joe Biden and First Lady Jill Biden.
