India wins yet again, together we grow: Prime Minister Narendra Modi



Prime Minister Narendra Modi has surged to a majority on his own in India’s general election, with his Bharatiya Janata Party establishing a commanding lead in vote counting.
"India wins yet again," Modi said in a tweet. "Together we grow. Together we prosper. Together we will build a strong India."
BJP supporters have begun celebrating in the streets as the party extended its lead in more than 299 seats -- easily ahead of the 272 seats needed to form government and more than the 282 the party won in 2014. The opposition Congress party is ahead in 51 seats, official election commission results show as of 2:46 pm local time. Follow our TOPLive blog coverage here.
After the initial euphoria over the prospects of a landslide victory, gains in Indian assets are evaporating fast. The Sensex, the benchmark equity index, is close to erasing its climb to a record.
The outcome is a validation of Modi’s hardline Hindu nationalism and populist economic policies, and a major setback for Congress leader Rahul Gandhi, whose party has failed to make significant inroads following its trouncing in the polls in 2014, when it won just 44 seats. Read More



Article Source -> Business Standard

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