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2020s2024-06-04·2 min read

India Election Results 2024 — Modi Wins Third Term

NDA won the 2024 general elections, securing Modi's third consecutive term as Prime Minister. Markets rallied.


India Election Results 2024 — Modi Wins Third Term

The results of India's general elections to constitute 18th Lok Sabha, held in April–June 2024 were announced on 4 and 5 June 2024. The main contenders were two alliance groups of the Incumbent National Democratic Alliance (N.D.A) led by Bharatiya Janata Party; and the Opposition Indian National Developmental Inclusive Alliance (I.N.D.I.A) led by Indian National Congress. In the legislative house of 543 seats, the incumbent NDA Alliance secured majority with 293 seats, which included BJP party's 240 seats, while the opposition INDIA Alliance got 234 seats, including the Congress party's 99 seats. On June 9, 2024, Narendra Modi took oath as Prime Minister, having been elected the leader of the NDA alliance, though BJP lost its majority.

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### The Bigger Picture

Events like this don't happen in isolation. They are part of larger economic and market cycles that continue to influence today's financial landscape. Understanding the context helps investors make more informed decisions.

⚡ Why It Matters

Geopolitical and global events shape the macroeconomic environment in which all financial markets operate.

💡 Key Takeaway

Global events remind us that diversification across geographies and asset classes is essential for long-term portfolio resilience.

🇮🇳 India Connection

As a globally integrated economy, India feels the ripple effects of major global events through trade, capital flows, and sentiment.

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