New Delhi CNN —Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms.
Experts have highlighted land reform as an example of policies that might now be tougher for Modi to implement.
India will need to address those issues if it is to capitalize on the massive rethink underway among companies on supply chains.
Despite the surprise electoral setback for Modi’s right-wing, Hindu-nationalist Bharatiya Janata Party (BJP), experts say the world’s fastest growing major economy will continue to live up to its billing.
The party’s underperformance led to a plunge on India’s stock market, which had its worst day in four years Tuesday.
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New Delhi CNN — Narendra Modi, ”, Peeyush Mittal, Modi, ” Shilan Shah, underperformance, Aditya Suresh, Shah, Malcolm Dorson, It’s
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