Asian Headlines at 3:28 a.m. GMT
Millions vote in India's grueling election with Prime Minister Modi's party likely to win a 3rd term
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Modi-led coalition's election win signals policy continuity in India — and spending cuts
The National Democratic Alliance (NDA) has emerged victorious in India's 2024 general election, but with a smaller majority compared to 2019. According to post-election analysis by Goldman Sachs, JPMorgan, CLSA, UBS, Bernstein and Citi, this slimmer mandate may push the government — known for transforming India into a global manufacturing powerhouse and making investments in sectors to reduce the country's reliance on Western nations — to embrace a more populist stance in its third term, prioritizing the demands of lower-income segments and rural development.