Indian Prime Minister Narendra Modi to be sworn in this weekend.
Indian Prime Minister Narendra Modi is set to be sworn in this weekend after his key allies pledged to work with him. Modi’s party Bharatiya Janata Party lost its majority in the Indian parliament.
Ratings agency Fitch has warned that the weakened majority for Modi’s alliance could pose challenges for the more ambitious elements of the government’s reform agenda. “We, Indians, will walk together towards the development of the country and in this third term, the country will write a new chapter of big decisions,” says Modi.“We are very grateful to the people of this country as they have expressed their trust in the Bharatiya Janata party and the NDA,”“Clearly it dented the Modi brand to some degree, and it really comes down to I think two factors, there’s the economic side and there’s a political side.
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