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Modi win will underpin India’s market exuberance

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Exit polls suggest Modi's ruling BJP alliance is headed for an easy win. Modi’s return should keep stock valuations stretched as expectations for reform overshadow signs of an economic slowdown: ugalani

India’s ruling Bharatiya Janata Party will comfortably win a second term, according to exit polls for the general election released on May 19.

An average of six polls suggest that the BJP’s National Democratic Alliance will win 314 seats out of 545 in the lower house of parliament. Indians went to the polls between April 11 and May 19. Exit polls are banned from publication until the final votes are cast. The actual results are due on May 23.

The BJP won 282 seats on its own in 2014, enough to form the country’s first single-party majority in 30 years. Its NDA alliance won 336 seats.

 

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