INTO INDIA had three big reactions to the Indian elections:
1) Democracy is alive and well in India; 650 million votes cast over a 6 week election process - truly a remarkably strong democracy!
2) Indians want jobs, jobs, and jobs; this is why manufacturing has become so central to India's economy - the swing away from the ruling BJP suggests PM Modi has to do more on jobs.
3) the Indian voter will expect the government to keep growing the economy - and show why that is a benefit for all Indians.
The only other Indian Prime Minister to win three five-year terms was the first - PM Nehru.
This has been a much closer election than predicted - and probably has given the ruling BJP and PM Modi much to think about. Of course, INTO INDIA notes that long term office holders generally face an anti-incumbency mood.
Congrats to Indian PM Narendra Modi - we have always called him ACTION MAN and in his third term he will need to maintain the action.
We expect a big focus this term on manufacturing, physical infrastructure, digital infrastructure and energy transition.
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