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Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Asia-Pacific markets were mixed as investors assessed India's election results after Prime Minister Narendra Modi's Bharatiya Janata Party fell short of an outright majority in the lower house of parliament. Still, Modi is set for a third term in power after the BJP-led National Democratic Alliance secured 294 seats, more than the 272 needed for the coalition to form the government. Elsewhere, first-quarter gross domestic product figures are expected out of Australia.

Persons: Narendra Modi, Narendra Modi's, Modi Organizations: Indian, Bharatiya Janata Party, BJP, Narendra Modi's Bharatiya Janata Party, National Democratic Alliance Locations: New Delhi, India, Asia, Pacific, Australia

☆ Modi thought he would smash the polls. Now he has to answer to a group of kingmakers.
▼ + stars: | 2024-06-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

It's why the election results have been a shocking blow to Modi and the BJP despite them winning. The result was especially humbling for Modi because the NDA was projected to slam-dunk the election with a whopping 400 seats. And with uncertainty hanging over the BJP's hold on power, questions are growing about what India's policies might soon look like. Rossow said that despite Modi extending his influence over key institutions such as the courts, voters are still making their choices count. "This election, even if Prime Minister Modi retains power, shows the power of India's democracy," said Rossow.

Persons: —, Narendra Modi, Modi, trounce, Richard Rossow, Jeff Lande, Lande, Kapil Sharma, isn't, Sharma, Gautam Nair, Rossow Organizations: Service, Bharatiya Janata Party, Business, BJP, National Democratic Alliance, Developmental Inclusive Alliance, Telugu Desam Party, Janata Dal, Bloomberg, India, Studies, Center for Strategic & International, Asia Center, Industry, China's, Atlantic, CSIS, Harvard Locations: India, India's, kingmakers, United States, China

☆ In India’s Election, Democracy Lives On - The New York Times
▼ + stars: | 2024-06-05 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +2 min

For decades, Hindu nationalists had sought to build a temple in Ayodhya, at a spot they believe to be the birthplace of the Hindu god Ram. The only problem was that there was already a house of worship on the spot, a mosque built by a Mughal emperor in 1528. A Hindu mob had dismantled the mosque in 1992, setting off riots that killed 2,000 people, most of them Muslims. World leaders sought Modi’s support on issues ranging from the war in Ukraine to the climate crisis, cementing India’s ascent in global affairs. But the ever unpredictable electorate of the world’s largest democracy responded to Modi’s demand for still more power resolutely: No thanks.

Persons: Narendra Modi, Ram, Modi, ” Organizations: Bharatiya Janata Party Locations: India, Ayodhya, China, Ukraine

☆ India wants to be the new China. Modi's shock election result shows it won't be easy.
▼ + stars: | 2024-06-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The growth is in part thanks to a shift in supply chains and investment flows as companies try to stop relying solely on China. India's stock markets tanked on the shock election results, with the benchmark Sensex index crashing over 5% in one day on Tuesday following the news. Despite the knee-jerk reaction, most analysts are optimistic about India's economic outlook given that Modi is still in charge. He said India will do better to capitalize on its services industry, especially since so many Indians are English speakers.

Persons: —, Narendra Modi's, Modi, Atman Trivedi, China, Council's Trivedi, Vishnu Varathan, Raghuram Rajan, NPR's, It's, Rajan Organizations: Service, Indian, Business, Bharatiya Janata Party, —, Atlantic, Asia Center, Centre, Monitoring, Coalition, Albright, Group, Mizuho Bank, United Nations Population Fund, University of Chicago Booth School of Business, Central Bank of India, International Monetary Fund Locations: China, India, Communist China, Asia, Japan

☆ Modi's weaker-than-expected election win raises questions over his economic and political agenda
▼ + stars: | 2024-06-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +5 min

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. he said, adding Modi will likely have an "uneasy relationship" with its coalition partners. Veteran investor David Roche called the election outcome an exercise of "karma," adding that this was Modi's election to lose. The party suffered some of its high-profile losses here, with political BJP heavyweights like Smriti Irani among others, losing their seats. A 'humbling moment'Going into the election, Modi's popularity endured despite India's economic problems such as high youth unemployment, inflation and income inequality.

Persons: Narendra Modi, Adnan Abidi, Modi, Neelanjan Sircar, We've, Sircar, CNBC's, —, David Roche, Roche, Smriti Irani, overreach, he's, Michael Kugelman, Wilson Organizations: Indian, Bharatiya Janata Party, BJP, Centre for Policy Research, Indian National Congress, Developmental Inclusive Alliance, Independent, South Asia Institute Locations: New Delhi, India, INDIA, Uttar Pradesh, Ayodhya, Faizabad, Maharashtra, Rajasthan

☆ Modi Will Feel the Heat in a Third Term. And Not Just Politically.
▼ + stars: | 2024-06-04 | by ( Somini Sengupta | ) www.nytimes.com time to read: +1 min

India, the world’s most populous country, is also among the most vulnerable to climate hazards. That’s not only because of the heat and floods that global warming has exacerbated, but also because so many of the country’s 1.4 billion people are vulnerable to begin with. Narendra Modi, the Hindu nationalist prime minister who claimed victory Tuesday for a third five-year term, will face major challenges fueled by climate change. The six-week process of voting took place amid a scorching heat wave in several parts of the country. He pointed out that workers from every political party suffer in the heat, and so do voters, who often have to line up under the sun.

Persons: Narendra Modi, Rohit Magotra Organizations: Reuters, Integrated Research, Development Locations: India, Bihar, Uttar Pradesh

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

☆ Early Election Results Suggest Sharp Turnaround for Indian National Congress
▼ + stars: | 2024-06-04 | by ( Sameer Yasir | More About Sameer Yasir | ) www.nytimes.com time to read: +1 min

In India’s last general election, in 2019, Prime Minister Narendra Modi’s party won 303 of 543 parliamentary seats — nearly six times as many as the main opposition party, the Indian National Congress. But early election results on Tuesday indicated a far stronger showing than expected for the Congress. “Whatever the final results, one thing is clear — it is a moral victory for Congress and our leader Rahul Gandhi, and defeat for B.J.P.,” said Robin Michael, a political worker, referring to Mr. Modi’s Bharatiya Janata Party. While there was no indication that Congress and the opposition coalition it leads would scrape together a majority to unseat Mr. Modi, party workers said that they had dented Mr. Modi’s aura of invincibility. They praised Mr. Gandhi, the Congress party’s most prominent figure and a great-grandson of Jawaharlal Nehru, India’s first post-independence prime minister.

Persons: Narendra Modi’s, jubilation, Rahul Gandhi, ”, Robin Michael, Modi’s, Mr, Modi, Gandhi, Jawaharlal Nehru, India’s Organizations: Indian National Congress, Congress, Modi’s Bharatiya Janata Party Locations: New Delhi

☆ India's Narendra Modi declares victory despite election blow
▼ + stars: | 2024-06-04 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

India's Prime Minister Narendra Modi (C) flashes victory sign as he arrives at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Indian Prime Minister Narendra Modi declared victory in the country's election late on Tuesday, despite his party looking set to lose its outright majority, leaving him reliant on smaller regional parties. The wider BJP-led National Democratic Alliance (NDA) looks set to win a combined 294 parliamentary seats, according to local media. "People have placed their faith in NDA, for a third consecutive time! This is a historical feat in India's history," Modi said on X as counting was nearing a conclusion.

Persons: Narendra Modi, —, Modi Organizations: India's, Bharatiya Janata Party, BJP, Indian, National Democratic Alliance Locations: New Delhi

☆ John Oliver warns India is 'sliding towards authoritarianism' as Modi declares victory in tighter-than-expected election
▼ + stars: | 2024-06-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewTV host John Oliver took aim at India's elections and its prime minister, Narendra Modi, on Sunday night, warning that the nation was "sliding towards authoritarianism." In his classic "roast" style, Oliver noted Modi's increasing tendency towards censorship and anti-Muslim rhetoric. Finally, Oliver called for an end to the "uncritical, fawning praise" for Modi coming from the international community. AdvertisementThough Modi and the BJP appear to have come out on top, the party's lead is surprisingly narrower than expected. Prior to voting, Modi said the BJP sought to win around 400 seats, per the BBC.

Persons: —, John Oliver, Narendra Modi, Modi, there's, Oliver, Modi's, There's, He's Organizations: Service, Business, HBO, North, Bharatiya Janata Party, BJP, BBC Locations: India, Ukraine, North Korea, Sudan, British

A woman walks past Bombay Stock Exchange (BSE) office in Mumbai, India, 18 July, 2022. Nurphoto | Nurphoto | Getty ImagesIndia stocks tumbled Tuesday in volatile trading, leading Asia markets lower as the country continued vote counting for its 2024 general election. The Nifty rose more than 20% last year, while the Sensex was up nearly 19% in 2023. Japan's Nikkei 225 fell 0.22% to close at 38,837.46, while the broader Topix ended 0.38% down at 2,787.48. Hong Kong's Hang Seng index was 0.12% higher, while the CSI 300 index added 0.75% to close at 3,615.67.

Persons: Narendra Modi Organizations: Bombay Stock Exchange, Nurphoto, Getty, BSE, BJP, Japan's Nikkei, CSI Locations: Mumbai, India, Asia, Australia

☆ India’s Stock Market Tumbles on Close-Run Election Result
▼ + stars: | 2024-06-04 | by ( Alex Travelli | ) www.nytimes.com time to read: +1 min

Investors looking to India yearn for political stability and many have done especially well during the first 10 years of Mr. Modi’s pro-business leadership. Even after Tuesday’s decline, the blue-chip Nifty 50 index has nearly tripled since Mr. Modi became prime minister. But the Indian market’s main indexes have entered choppier waters on the way to the election. Some companies, namely those considered “Modi stocks,” fared especially poorly as the election result came into view. Gautam Adani rapidly became Asia’s richest man, as his infrastructure-oriented businesses worked in harmony with Mr. Modi’s plans for the country.

Persons: Narendra Modi, Modi, Modi’s, “ Modi, Gautam Adani Organizations: Adani, Adani Enterprises Locations: Mumbai, India

☆ Indian stocks have worst day in 4 years as Modi’s hopes of a huge majority fade
▼ + stars: | 2024-06-04 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian stocks plunged Tuesday as vote counting in the country’s election suggested Prime Minister Narendra Modi’s dream of a landslide victory is at risk, raising doubts about his ability to push through more aggressive economic reforms. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each closed down by nearly 6%. The worst daily drop for Indian stocks since 2020 came just 24 hours after both indexes hit record highs as weekend exit polls prompted experts to predict a resounding victory for Modi. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. But investors have complained about the high price of Indian stocks and some analysts believe a correction could be healthy for markets.

Persons: Narendra Modi’s, Modi, India’s, ”, Yashovardhan Khemka, Manish Jain Organizations: New, New Delhi CNN, Bharatiya Janata Party, BJP, Research, Analytics, Abans Holdings, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges, Mirae Locations: New Delhi, India, Mumbai, United States, China

☆ Shocking Indian election results are a crushing blow to Modi
▼ + stars: | 2024-06-04 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Indian Prime Minister Narendra Modi's party has suffered a devastating blow. Though Modi is claiming victory, his party is seeing major losses in the country's general election. AdvertisementFor a decade, Indian Prime Minister Narendra Modi has held a decisive grip on his country's politics. Modi, who leads India's Bharatiya Janata Party, is claiming victory for a historic third term as the country's prime minister. But even though Modi is projected to hold on to his position, his party isn't doing as well as he'd predicted.

Persons: Narendra Modi's, Modi, —, Narendra Modi, India's Organizations: Indian, Service, India's Bharatiya Janata Party, Business

☆ India elections: Modi declares victory but party faces shock losses in parliament and will need coalition
▼ + stars: | 2024-06-04 | by ( Rhea Mogul | ) edition.cnn.com time to read: +10 min

While final votes are still being tallied, India’s election authority has confirmed that the NDA coalition had secured the majority needed with 272 seats. Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, on June 4. Adnan Abidi/ReutersSupporters of the Bharatiya Janata Party (BJP) celebrate as they learn early election results on June 04, 2024 in Bengaluru, India. Preliminary results also suggest they have chipped away at BJP seats, including in some of the ruling party’s traditional strongholds. “He comes from a poor background and that helps him understands the people of India,” Varanasi BJP president Dileep Patel previously told CNN.

Persons: Narendra Modi, ” Modi, –, Modi, Adnan Abidi, Abhishek Chinnappa, Rahul Gandhi, ”, ‘, ’, thirstily, Rajgopal Kashyap, Nilanjan Mukhopadhyay, Surjeet Singh, Christophe Jaffrelot, Dileep Patel, Sunita Gautam, “ Modi Organizations: New, New Delhi CNN, National Democratic Alliance, NDA, Bharatiya Janata Party, BJP, Indian, Reuters, India’s National, Congress, CNN Locations: New Delhi, tatters, India, Bengaluru, Asia, United States, China, Russia, Washington, Delhi, Moscow, Ukraine, “, Gujarat, ” Varanasi

☆ Modi's election surprise raises questions about India for USA Inc
▼ + stars: | 2024-06-04 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Narendra Modi's party won far fewer seats than expected in India's election. Modi's weakened majority may make it tougher for his government to push through reforms. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNarendra Modi looks set to secure a historic third term leading Indian despite his party winning far fewer seats than exit polls had suggested. The outcome sent Mumbai-listed stocks plummeting — and Modi's significantly weakened majority could be a source of concern for American businesses, too.

Persons: Narendra Modi's, Modi's, —, Narendra Modi, that's Organizations: Service, Business Locations: Mumbai, India

☆ Asia markets open higher as investors await China manufacturing data
▼ + stars: | 2024-06-03 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

Signage for the Shanghai Stock Exchange in Pudong's Lujiazui Financial District in Shanghai, China, on Jan. 29, 2024. Asia-Pacific stock markets rose Monday ahead of a private survey on China's manufacturing sector. The Caixin manufacturing survey will follow official data from Friday that showed China's manufacturing sector unexpectedly contracted in May. Investors will also focus on India markets as exit polls over the weekend suggested Prime Minister Narendra Modi and his Bharatiya Janata Party-led alliance was set for a rare third consecutive term in power.

Persons: Narendra Modi Organizations: Shanghai Stock Exchange, Investors, Bharatiya Janata Party Locations: Lujiazui, Shanghai, China, Asia, Pacific, India

☆ Who will win India’s general election and become the new prime minister? Votes get counted in world’s largest election
▼ + stars: | 2024-06-03 | by ( Rhea Mogul | ) edition.cnn.com time to read: +6 min

Some 642 million people cast their vote in the world’s largest election, as swathes of the country was blanketed in searing heat, making people sick and killing dozens. India's Prime Minister Narendra Modi shows his ink-marked finger after casting his vote outside a polling station in Ahmedabad, India, on May 7, 2024. The leader of the party that wins a majority will become prime minister and form a ruling government. His BJP centered its manifesto on job creation and anti-poverty programs, with a focus on women, the poor and farmers. He’s promised to turn India into a developed nation by 2047 and transform the country into a global manufacturing hub.

Persons: Narendra Modi, India’s, Adnan Abidi, Modi, He’s, God, –, Rahul Gandhi, Gandhi, Raj K Raj, Arvind Kejriwal, ” Organizations: CNN, Bharatiya Janata Party, BJP, Indian National Congress, India's, Reuters, National Democratic Alliance, Congress, Hindustan Times, Aadmi Party Locations: India, –, Lok Sabha, Asia, United States, China, Russia, Ahmedabad, Kerala, Uttar Pradesh, Lok, New Delhi, Delhi

No results Tie Win Lead Win Lead Win Lead No results N.D.A. Win Lead Win Lead Win Lead Other INDIA N.D.A. Win Lead Win Lead Win Lead INDIA Other N.D.A. Win Lead Win Lead Win Lead Other N.D.A. Win Lead Win Lead INDIA Win Lead

Persons: Narendra Modi, Modi’s Organizations: N.D.A, INDIA Modi’s, Modi’s Bharatiya Janata Party, Party Coalition Locations: India, N.D.A

☆ Stocks making the biggest moves midday: GameStop, Paramount, Spotify, Krispy Kreme and more
▼ + stars: | 2024-06-03 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Waste Management , Stericycle — Waste Management is buying Stericycle for $7.2 billion , the companies announced on Monday. Stericycle shares jumped nearly 15%, while Waste Management slid 4%. Spotify — The music streaming company climbed 4% following its announcement of premium subscription price increases in the U.S. in July. Lattice Semiconductor , Coherent — Lattice shares dove 11% after CEO Jim Anderson left to take the helm at Coherent, whose stock price jumped 17%. Krispy Kreme — Shares of the company rose 2% after it was upgraded to overweight at JPMorgan.

Persons: Keith Gill, Gill, Stericycle, CNBC's David Faber, Skydance, Shari Redstone, Jim Anderson, Esam, Dickinson, Edwards, Narendra Modi, Claudia Sheinbaum, Cava, Blackwell, Krispy Kreme, Masimo, Piper, Piper Sandler, Goldman Sachs, Goldman, — CNBC's Sean Colon, Yun Li, Pia Singh, Michelle Fox, Christina Cheddar, Berk Organizations: GameStop, DeepF, AMC, New York Stock Exchange, Waste Management, Spotify, GSK, Court, Paramount Global, Lattice Semiconductor, Company, Bloomberg News, JPMorgan, Nvidia, AMD, Bank of America, Therapeutics, Autodesk Locations: U.S, Swedish, Delaware, Becton, India, Mexico

☆ Sensex, Nifty 50: Indian stocks hit record highs as markets hope for a big Modi election win
▼ + stars: | 2024-06-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian markets hit record highs on Monday as experts predicted a resounding victory for incumbent Prime Minister Narendra Modi in national elections. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each jumped over 3% in early trade. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. “With the exit polls pointing towards 370 seats mark and ahead of street expectations of 320-350 seats, markets have reacted positively,” said Manish Chowdhury, head of research at brokerage StoxBox. The country’s stock markets have performed well during his tenure.

Persons: Narendra Modi, ” Modi, India’s, ”, Manish Chowdhury, Modi, Adani, Gautam Adani, Mukesh Ambani, Ambani, Hindenburg’s Organizations: New, New Delhi CNN, Adani, Adani Enterprises, Reliance Industries, Bloomberg, Modi, Hindenburg, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges Locations: New Delhi, India, United States, China, American

Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Local exit polls over the weekend suggested Prime Minister Narendra Modi and his Bharatiya Janata Party-led alliance was set for a rare third consecutive term in power. The BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of India's parliament, according to local news channel NDTV's exit poll summary. However, final results, expected on Tuesday, can diverge from exit poll projections. With the incoming government expected to highly prioritize building up India's infrastructure development, shares of Adani Group companies rose on the back of exit poll results as well.

Persons: Narendra Modi, India's, Modi, Prakash Singh Organizations: Bloomberg, Getty, BSE, Bharatiya Janata Party, BJP, National Democratic Alliance, Adani, Adani Enterprises, Ambuja Locations: Agra, Uttar Pradesh, India

☆ Modi's BJP-led alliance projected to win parliamentary majority in India's election, exit polls show
▼ + stars: | 2024-06-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

India's Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya Janata Party-led alliance will clinch a parliamentary majority. According to an exit poll summary by local news channel NDTV, the BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of parliament. The party or coalition that wins at least 272 votes will form the government. Final results, expected on Tuesday, can diverge from exit poll projections. If the exit polls, which have a patchy record, are confirmed, Modi will serve for another five years as the country's prime minister — a position he has held since 2014.

Persons: Narendra Modi, Modi, —, Hajra, Anand Rathi Organizations: India's, Bharatiya Janata Party, NDTV, BJP, National Democratic Alliance, Monetary Fund, Brokers, CNBC Locations: India

☆ As Voting Ends in India, Modi Awaits a Verdict on His 10 Years in Power
▼ + stars: | 2024-06-01 | by ( Mujib Mashal | ) www.nytimes.com time to read: +1 min

Exit polls released after the last round of voting suggested a comfortable return for his Hindu-nationalist Bharatiya Janata Party, or B.J.P. A newly united opposition has put up a fight, rallying against Mr. Modi’s divisive politics and management of India’s deeply unequal economic growth. But the exit polls indicated it was struggling to significantly cut into the sizable majority in the 543-seat Parliament held by Mr. Modi’s party. In a message of thanks after the voting closed, Mr. Modi expressed confidence that “the people of India have voted in record numbers to re-elect” his government. But Mallikarjun Kharge, the president of the largest opposition party, the Indian National Congress, played down the exit polls as “government surveys” and said the official results will show that his alliance was ahead.

Persons: Narendra Modi’s, Mr, Modi, ”, Mallikarjun Kharge Organizations: Bharatiya Janata Party, Indian National Congress Locations: India’s, India

☆ 'No big deal': Mark Mobius says he'll stay bullish on India no matter the election results
▼ + stars: | 2024-05-31 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Mark Mobius, Chairman Mobius Emerging Opportunities Fund speaking on CNBC's The Exchange on March 27th, 2024. Adam Jeffery | CNBCVeteran emerging markets investor Mark Mobius said India's election outcome will not change his bullish views on the country. India's election results will be out on Tuesday next week. watch now"The big question mark is whether [Modi] can get a number of seats to change the constitution," Mobius told CNBC's "Street Signs Asia" on Thursday. But India's economic fundamentals remain "very strong and solid."

Persons: Mark Mobius, Adam Jeffery, Narendra Modi, Modi, Mobius, CNBC's, Gautam Chhaochharia, Chhaochharia Organizations: CNBC Veteran, Bharatiya Janata Party, BJP, UBS Locations: India

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