Early India vote count shows Modi alliance in majority but short of landslide

Early India vote count shows Modi alliance in majority but short of landslide

At the halfway point of the country’s general election count on Tuesday ( Jun 4), Indian Prime Minister Narendra Modi and his supporters were on the verge of winning, but with a smaller parliamentary majority.

His plan sparked more concern for minorities in the world’s most populous nation as he attracted the attention of the 200 million plus Muslim community’s concern.

After a six-week much election that saw 642 million voters voting in seven phases across the world’s most populous nation, early results indicated Modi and his coalition allies were on record to get a second name with a reduced lot.

Modi, 73, said at the weekends he was convinced that” the people of India have voted in history numbers” to re- appoint his authorities, a decade after he first became prime minister.

After opposition parties appeared to have staged a better-than-expected fight, suggesting a smaller majority for Modi’s ruling Bharatiya Janata Party ( BJP), stocks fell by more than 7 % on India’s benchmark Sensex index in afternoon trade.

Shares of Adani Enterprises, which is owned by important ally Gautam Adani, dropped 25 %.

The rupee&nbsp, also&nbsp, fell strongly against the money and standard bond yields were up.

Election fee data revealed that the BJP and its allies were in control of at least 290 of a total of 543 votes after the majority of the votes were counted.

That is higher than the 272 required for a lower home political bulk, but it is less than the 353-unit joint effort by the BJP and allies in 2019.