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