Modi's alliance set for narrower-than-expected victory in India's election [CNBC]
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Source: CNBC
The BJP-led NDA was ahead on nearly 290 parliamentary seats, while the opposition Indian National Developmental Inclusive Alliance (INDIA), led by the Indian National Congress was leading on 230 seats, according to local media The BJP-led National Democratic Alliance won 353 seats in 2019. If the numbers hold, the BJP would lose about 60 seat compared with its 2019 general election tally of 303. The lower house of India's parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. “People are so eager in India to see Minister Modi take the reins once more. And I think the pressure is on him more than ever,” said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. “He'll continue to build India in a way that that Indians want to see.” Modi reportedly said in March that he was confident of the BJP-led NDA securing over 400 seats. “As much as Prime Minister Modi remains a popular figure, the shine has worn off as the e
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