Narendra Modi Poised for Decisive Victory in India's Election

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Exit polls predict a clear win for Narendra Modi's Bharatiya Janata Party (BJP) and its allies, securing a third term as India's Prime Minister. The polls project a comfortable majority of 353-401 seats in the 543-seat Lok Sabha, with the BJP potentially winning over 300 seats. The official results will be announced on June 4.
Modi's campaign focused on his government's welfare programs and economic development, with India's GDP growing at 7.8% in the last quarter. The opposition INDIA alliance criticized the BJP's economic record and alleged attempts to suppress opposition.
While exit polls have been inconsistent in the past, recent years have shown them to be more reliable. The predicted victory would solidify Modi's position as a strong leader, bolstering India's global influence. The outcome is expected to have a positive impact on risk assets and macro stability in the short and medium term.

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