Whoever emerges victorious in India's elections, winning will be just the first of many challenges ahead, with the days of near double-digit growth a distant dream, says Breakingviews' Andy Mukherjee. ReutersEconomy
Economy
The National Democratic Alliance led by the Gandhi family's Congress party, which has ruled India for the last decade, was leading in just 67 seats - its worst-ever showing.
Modi has promised to unblock stalled investments in power, road and rail projects to revive economic growth that has fallen to a decade low of below 5 percent.
Opposition candidate Narendra Modi will be the next prime minister of India, with early election results on Friday showing the pro-business Hindu nationalist and his party headed for the biggest victory the country has seen in 30 years.
The alliance led by Modi's Bharatiya Janata Party (BJP) was winning the vote count in 325 parliamentary seats, far more than the majority of 272 required to rule. Even on its own, the BJP was ahead in 273 seats.
Whoever emerges victorious in India's elections, winning will be just the first of many challenges ahead, with the days of near double-digit growth a distant dream, says Breakingviews' Andy Mukherjee. Reuters Economy
Change could be coming to India with polls pointing to a sweeping opposition election victory. Stefan Hofer of Bank Julius Baer says that could be just the catalyst needed to reinvigorate the economy. Reuters Economy
The National Democratic Alliance led by the Gandhi family's Congress party, which has ruled India for the last decade, was leading in just 67 seats - its worst-ever showing.
Modi has promised to unblock stalled investments in power, road and rail projects to revive economic growth that has fallen to a decade low of below 5 percent.
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