Modi Coalition’s Narrow Win Puts 8% India Growth Plan at Risk

  • BJP will need to rely on coalition partners to enact policy
  • Prime minister’s goal was to make India a developed nation
WATCH: Narendra Modi vowed to continue as prime minister even after his party lost its majority in parliament.Source: Bloomberg
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Indian Prime Minister Narendra Modi’s ambitious economic growth goals are at risk after his party failed to win majority support in the elections, making him more reliant on a coalition government to push through tough economic reforms.

Modi’s Bharatiya Janata Party didn’t win enough seats in the parliament to meet the 272 majority needed to form a government on its own. It will now be forced to work with its allies to wield power. The results Tuesday were a surprise after exit polls had predicted an expanded majority for the BJP-led coalition.