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Narendra Modi sworn in for third term as India's prime minister in pictures 

<ul class="summary-list"><li>Indian Prime Minister Narendra Modi has won a third term as the country's leader.</li><li>His party is now scrambling to find allies to form a government.</li></ul>Narendra Modi claimed victory as India's prime minister for a rare third term in office, but his future hangs in the balance.Modi's Bharatiya Janata Party (BJP) failed to secure an overall majority of its own, according to figures from the election commission. His party is now scrambling to find allies to form a government."People have placed their faith in NDA (National Democratic Alliance) for a third consecutive time," Modi said. "This is a historical feat in India's history."A coalition created by Modi's main rival, the Indian National Congress, performed better than expected, mounting a strong challenge to the incumbent.The opposition leader, Rahul Gandhi, <a target="_blank" href="https://www.bbc.co.uk/news/live/world-asia-india-69072275">said Tuesday</a> his party may hold talks to form its own governing coalition. But Desam Party (TDP) and Janata Dal (United), who were part of a pre-election coalition with the BJP, said they endorsed Modi for a third term Tuesday, <a target="_blank" href="https://www.reuters.com/world/india/two-key-members-modis-alliance-endorse-him-next-india-prime-minister-2024-06-04/">reported Reuters.</a> This was in response to reports that the opposition would seek to prise them away from the BJP.The final votes were cast on Saturday in the seventh phase of the election, which saw people in eight of <a target="_blank" href="https://www.businessinsider.com/india-economy-growth-booming-modi-seize-moment-problems-davos-2024-2">India</a>'s 36 states and territories take their turns at the ballot.<h2 id="9a743ef8-257d-41c5-9c79-619d990e5521">Modi had expected a landslide</h2><a target="_blank" href="https://www.businessinsider.com/modi-india-election-economy-russia-oil-wealth-dimon-cook-musk-2024-5">Modi</a> and the BJP had long been projected to win decisively. Exit polls, though sometimes inconsistent, showed the party extending its control of the lower house.Modi had set a goal for his BJP-led alliance to secure 400 seats, up from about 350 won in 2019.BJP itself won 240 seats; its allies won 53, <a target="_blank" href="https://www.bloomberg.com/graphics/2024-india-election/">according to Bloomberg</a>.<div type="image" title="People carrying cutouts of Narendra Modi and setting off flares." height="683" width="1024" msid="110700935" hostid="261"></div>The incumbent was so assured of being re-elected this year that he declared victory on social media three days before the official results were announced on Tuesday."I can say with confidence that the people of India have voted in record numbers to reelect the NDA government," he <a target="_blank" href="https://twitter.com/narendramodi/status/1796910902983450823">wrote on X</a>.In January, at the World Economic Forum in Davos, Indian officials struck a similarly confident note.Hardeep Singh Puri, India's minister for oil and gas, told Business Insider that Modi would likely get "15 to 20%" more seats than in 2019. "I think we were 303 last time," he said. "So it should be 343-45 but it's a process that is still beginning.""The opposition is in disarray," he added.India's rapid growth has attracted the attention of corporate leaders such as Elon Musk, Jamie Dimon, and Tim Cook."I think most investors have read the tea leaves and have realized that some of the political stability and predictable policies that they expect…when it comes to making investment decisions, is likely to be available in India," said Rajesh Kumar Singh, a top official in India told Business Insider in Davos in January this year.On Tuesday, <a target="_blank" href="https://markets.businessinsider.com/news/stocks/india-stock-market-news-narendra-modi-election-nse-nifty-50-2024-6">Indian stocks had their worst day in more than four years</a> as stability looked less likely. This was a day after the stocks hit record highs following a poll showing Modi's landslide victory.<h2 id="da8c5e8d-5c3a-4ce9-90f1-85c679fb0b39">A bitter battle for power</h2>The six-week election involved a bitter feud between the BJP and its main opposition, the Congress Party.The Congress Party has formed its own bloc with about 20 opposition groups to oust Modi, campaigning on promises to relieve the nation's <a target="_blank" href="https://www.businessinsider.com/india-economy-growth-booming-modi-seize-moment-problems-davos-2024-2">unemployment woes</a>. However, the new alliance is undermined by differences in ideologies and contested leadership.Modi, a polarizing but popular leader, has spent much of the election blasting the Congress and its promised policies in controversial attacks. At one point, he accused the opposition of planning to take India's wealth and <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-30/india-s-former-prime-minister-slams-modi-for-hateful-language">redistribute it to the Muslim minority</a>.<div type="image" title="A crowd of men shouting." height="3872" width="5808" msid="110700937" hostid="261"></div>While not specifically criticizing Muslims in his rally speeches, he's used terms such as "infiltrators" that are widely believed to allude to the minority.His party's ideology, <a target="_blank" href="https://apnews.com/article/india-election-narendra-modi-hindu-nationalism-rss-79c30c8ae750a9c037d86b9e2c1b640c">Hindutva</a>, promotes building a Hindu nation and has been criticized as a nationalist movement that foments hate speech and right-wing extremism.BJP's rivals have also accused the party of attempting to stifle opposition leaders. Delhi's chief minister, Arvind Kejriwal of the Aam Aadmi Party, was recently <a target="_blank" href="https://www.reuters.com/world/india/indian-opposition-leader-returns-jail-after-vote-ends-2024-06-02/">arrested on corruption charges</a> related to handing out liquor licenses. Kejriwal was granted bail until the end of the election.India's voting population is the world's largest, with 969 million people eligible to cast their ballots. That's more than twice the entire <a target="_blank" href="https://european-union.europa.eu/principles-countries-history/key-facts-and-figures/life-eu_en">population of the European Union</a>.June 4, 2024, 10:55 a.m. ET: This story has been updated to reflect Narendra Modi's claim of victory.June 4, 2024, 6:29 p.m. ET: This story has been updated to reflect the latest election result numbers.

Modi claims a historic 3rd term but he'll have to rely on allies

The counting of votes cast by 64.2 crore hopeful Indian voters during the six-week-long 18th <keyword id="19923279" type="General" weightage="20" keywordseo="Lok-Sabha-elections" source="keywords">Lok Sabha elections</keyword> officially began at 8 AM today and it is suffice to say that the air is crackling with equal parts excitement and trepidation. Over 700 aspiring parties participated in the world’s largest democratic exercise. But the main duelling parties remain consistent with previous trends: the ruling Bharatiya Janata Party (<keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords">BJP</keyword>) led by Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="Narendra-Modi" source="keywords">Narendra Modi</keyword> and the opposition bloc led by the <keyword id="19964138" type="General" weightage="20" keywordseo="Indian-National-Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="Indian National Congress" meta.hostid="261" meta.entityid="Indian National Congress">Indian National Congress</keyword> (INC). Modi is shooting for a third, historic win after spending the last ten years in office, but the road ahead does not seem as smooth as anticipated. A political party in India requires at least 272 seats to cross the majority mark in the 543-member lower house of the Indian parliament, the Lok Sabha. The PM has audaciously declared that he is expecting a huge win exceeding 400 seats, the slogan ab ki baar 400 paar is stuck in every Indian’s head — irrespective of their political inclination. The Congress-led India bloc, on the other hand, is aiming for a relatively modest 295. On Saturday, most exit poll surveys predicted 350-370 seats for the BJP and between 107-140 seats for the opposition. However, the early trends are showing a very different picture with the INDIA bloc exceeding expectations in many states. Polls have been off the mark a few times before, but as NDA looks poised to win a third term, albeit with a few last-minute struggles, here’s a look back at the previous elections responsible for Mr Narendra Modi’s unmatchable dominance over <keyword id="20184421" type="General" weightage="20" keywordseo="Indian-politics" source="keywords">Indian politics</keyword>. <cmsannotation type="cmsannotation" annotationid="Inside BJP’s decade-long winning streak" comment="subhead" text="Inside BJP’s decade-long winning streak">Inside BJP’s decade-long winning streak </cmsannotation>The BJP has come a long way since 1984 when the party won just two seats. Its pro-Hindutva stance pushed it to prominence over the decades, especially in the 1990s. The BJP was in power for a considerable amount of time under Atal Bihari Vajpayee’s leadership at the turn of the century. But the kind of support that Narendra Modi has received since 2014 has been unmatched in the history of modern Indian politics. In 2014, the BJP saw a surprising landslide victory with 282 of the 543 seats. But what factors contributed to its sweeping win with a 31.3% majority? Throughout its campaigning ahead of the general elections that year, the BJP kept stressing its interest in fixing the economy and combating corruption allegedly caused by the Congress party’s rather inept governing. Modi, who called himself a chowkidar or watchman, vowed to set the government and bureaucracy to rights. He promised more jobs for young Indians and even launched a social media campaign to appeal to the younger generation. Many experts suggested that Modi created the brand “NaMo'' for himself through relentless media campaigning, something that <keyword id="19895780" type="General" weightage="20" keywordseo="rahul-gandhi" source="keywords">Rahul Gandhi</keyword> and other major political leaders could not do at the time. Additionally, he is also said to have had the support of the 45,000 country-wide RSS branches — the Hindu cultural nationalist parent of the BJP. However, after the leader had managed to comfortably settle into his new role as the Prime Minister of India, he announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series on 8 November 2016. As per a 2018 report from the Reserve Bank of India said that “the effort had failed to remove black money from the economy”. Modi was widely criticised for the way this move impacted the middle-class people of India. Despite this setback as well as criticism against his economic reforms like GST, he continued to implement bold policy changes to strengthen the core economy. His tilt towards a digital economy and seemingly tough actions against corrupt practices received widespread acclaim. He also successfully invoked a strong sense of nationalism and security in the people through the Balakot airstrike, a bombing raid conducted by Indian warplanes in February 2019. And it worked! BJP came to power again in the 2019 Lok Sabha elections, this victory being bigger than the last. The BJP won a whopping 37.36% of the vote — the highest by a political party since the 1989 general elections with 303 seats. However, similar to 2019, towards the end of his second term in 2024, joblessness appears to be on the rise and incomes of farmers continue to plummet. Amid major issues like food inflation and the threat of AI to the job market, the ruling party relied on not-so-subtle religious polarisation and a ton of welfare programmes. From being chowkidar in 2014, Prime Minister Narendra Modi has been depicted to be a saint today by many of his followers. While past leaders in India have tried to hold on to their secular image, Mr Modi has been seen flouting this convention on multiple occasions, expressing that he takes pride in his religion. With crores of followers still supporting him, the PM seems to be already on a path to victory. Only time will tell if the struggles during the last phases of this year’s election will come back to haunt him. In the meantime, stay tuned to Business Insider India for <a href="https://www.businessinsider.in/politics/elections/lok-sabha-election-results-2024-live-counting-begins-at-8-am-as-bjp-led-nda-hopes-for-a-historic-third-term/articleshow/110685785.cms">more updates on the Lok Sabha elections 2024</a>.

As PM Modi awaits his third big win, here’s how BJP created history during the 2014 & 2019 Lok Sabha elections

Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around USD 3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years. Addressing CEOs of the large US tech firms on Sunday, Modi said India will make every effort to become the third largest economy in the world in his third term (2024-29). Companies should take advantage of India's growth story for collaboration and innovation by co-developing, co-designing, and co-producing in India for the world, harnessing the opportunities from the country's economic and technological growth, he said. Assuring the business leaders of India's deep commitment to the protection of intellectual property and to fostering tech innovation, Modi highlighted the economic transformation happening in the country, particularly in electronics and information technology manufacturing and semiconductors. Modi asserted that his government was committed to making India a "global hub of <keyword id="20073013" type="General" weightage="20" keywordseo="semiconductor-manufacturing" source="keywords">semiconductor manufacturing</keyword>". The meeting took place at the Lotte <keyword id="19904497" type="General" weightage="20" keywordseo="New-York" source="keywords">New York</keyword> Palace Hotel on Sunday during the second leg of Modi's three-day US visit. It saw the participation of CEOs of 15 major US-based firms working on cutting-edge technologies such as AI, quantum computing and semiconductors. "Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation and more. Also highlighted the strides made by India in this field. I am glad to see immense optimism towards India," Modi said in a post on X. During the conference, Modi said technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies (ICET) lie at the core of the India-US Comprehensive Global Strategic Partnership, according to a Ministry of External Affairs press release. Organised by the Massachusetts Institute of Technology (MIT) School of Engineering, the CEOs of top US tech firms, including Google CEO Sundar Pichai, Adobe CEO Shantanu Narayena, Accenture CEO Julie Sweet and NVIDIA CEO Jensen Huang attended the meeting. Others who participated in the roundtable included AMD CEO Lisa Su, HP Inc. CEO Enrique Lores, IBM CEO Arvind Krishna, Dr Noubar Afeyan, Chairman of Moderna, and Verizon CEO Hans Vestberg. Modi also talked about India's BIO E3 (biotechnology for environment, economy and employment) policy to develop the country into a biotech powerhouse and on the topic of AI, noted that India's policy is to promote AI for all, underpinned by its ethical and responsible use. The CEOs appreciated India's growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities. They also expressed strong interest in investing and collaborating with India, agreeing that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in the country. Others who attended the conference included Biogen Inc CEO Chris Viehbacher, CEO of Bristol Myers Squibb, Chris Boerner, Eli Lilly and Company CEO David A. Ricks, LAM Research CEO Tim Archer, GlobalFoundries CEO Thomas Caulfield, and the CEO of Kyndryl, Martin Schroeter. "Further cementing technology and business connect. PM @narendramodi interacted with the top tech leaders and CEOs of USA, in a Roundtable hosted by the Massachusetts Institute of Technology School of Engineering, in New York today. PM emphasised India's growth prospects and discussed initiatives to foster collaborations and innovation across diverse sectors," the official account of the MEA said in a post on X. The prime minister had a separate meeting with Krishna P Singh, CEO of Holtec International, which is into nuclear and solar power generation. They discussed Holtec's plan for expanding manufacturing in India and advancing energy cooperation, PMO India said in a post on X. Earlier on Sunday, Modi addressed the <keyword id="20115166" type="General" weightage="20" keywordseo="Indian-diaspora" source="keywords">Indian diaspora</keyword> at the packed Nassau Veterans Coliseum on Long Island in New York. He also held bilateral meetings with world leaders at the sidelines of the UN General Assembly session here. Modi reached New York on Saturday after attending the Quad Leaders' Summit hosted by President Joe Biden in Wilmington, Delaware. <div type="Article" hostid="261" msid="113516805" title="Why is Indian Prime Minister Narendra Modi visiting the US this weekend?" mstype="2" mssubtype="0"></div>

PM Modi invites US CEOs to take a 'byte' out of India's growing technology sector

In a significant diplomatic move, Prime Minister Narendra Modi met with Maldives President Mohamed Muizzu at <keyword id="20751669" type="General" weightage="20" keywordseo="Hyderabad-House" source="keywords" meta.keywordsubtype="org" meta.entityname="Hyderabad House" meta.hostid="261" meta.entityid="Hyderabad House">Hyderabad House</keyword> in Delhi on Monday. This visit is widely seen as an effort to reset ties between the two nations after a year of tense relations. <keyword id="20101322" type="General" weightage="20" keywordseo="President-Muizzu" source="keywords">President Muizzu</keyword>, who arrived in India on Sunday for a five-day visit, received a red carpet welcome. During a joint press briefing, President Muizzu expressed heartfelt gratitude to India, thanking President Droupadi Murmu, <keyword id="19899320" type="General" weightage="20" keywordseo="PM-Modi" source="keywords">PM Modi</keyword> and the people of India for their warm reception. He emphasised the Maldives' deep-rooted ties with India, noting that tourism — especially Indian visitors—remains a crucial pillar of the Maldivian economy. “India is our largest source market for tourists, and we hope to welcome even more Indian visitors in the future,” Muizzu remarked. Key areas of cooperation discussed included economic ties and maritime security, critical given the Maldives' position in the Indian Ocean. Following their talks, India granted the financially struggling Maldives a rollover of USD 100 million in Treasury bills, in addition to formalising a <keyword id="23458604" type="General" weightage="20" keywordseo="currency-swap-agreement" source="keywords">currency swap agreement</keyword> and a ₹3,000 crore currency swap. Prime Minister Modi characterised the "development partnership" as a key component of India-Maldives relations, asserting that India has consistently prioritised the needs of the Maldivian people. "Our development partnership is vital to our relationship with the Maldives, and we have always placed importance on the priorities of its people. This year, SBI rolled over USD 100 million in Treasury Bills, and a USD 400 million currency swap agreement was signed based on the Maldives' requirements," he explained. <div type="Article" hostid="261" msid="106837748" title="Withdraw troops by mid-March, Maldives tells India" mstype="2" mssubtype="0"></div>In September, India announced that the <keyword id="19934368" type="General" weightage="20" keywordseo="State-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="State Bank of India" meta.hostid="261" meta.entityid="State Bank of India">State Bank of India</keyword> would purchase Maldivian government bonds worth USD 50 million, following a similar USD 50 million transaction in May 2024. Additionally, Prime Minister Modi and President Muizzu witnessed the first <keyword id="20563654" type="General" weightage="20" keywordseo="RuPay-card" source="keywords">RuPay card</keyword> payment transaction launched in the Maldives and virtually inaugurated the runway at Hanimaadhoo International Airport. Modi stated that India and the Maldives would soon be connected through UPI. "Recently, we launched the RuPay card in the Maldives, and in the future, we will link both countries via UPI," he said during a joint press briefing. Muizzu also expressed his desire to conclude a <keyword id="19945642" type="General" weightage="20" keywordseo="Free-Trade-Agreement" source="keywords">Free Trade Agreement</keyword> with India, a step he believes will open the door to greater Indian investment in the Maldives. Modi emphasised India's commitment to supporting the Maldives through various initiatives, including supplying essential commodities and Covid vaccines, inaugurating airports, and constructing social housing. He noted that a new drinking water project is now operational on 28 islands, providing clean water to over 30,000 residents. The leaders also discussed the opening of consulates in Addu and Bengaluru. Tensions between India and the Maldives escalated following Muizzu's election last year, which saw a shift towards a pro-China stance and the promise to withdraw Indian troops stationed in the archipelago. His visit to China before India in January had raised eyebrows in New Delhi, as it was perceived as a slight. However, since attending Modi's swearing-in ceremony for a third term in June, Muizzu has moderated his anti-Indian rhetoric, signalling a thaw in relations. External Affairs Minister S Jaishankar has stated that the discussions provided "a new impetus" to the relationship. This meeting likely marks a positive turn in Indo-Maldivian relations, setting the stage for further cooperation between the two South Asian neighbours. (With inputs from agencies) <div type="Article" hostid="261" msid="112094153" title="Maldives President Muizzu thanks India for economic support, affirms hope of signing FTA" mstype="2" mssubtype="0"></div>

Maldives President Muizzu met with PM Modi in Delhi today. Here’s how it went!

<ul class="summary-list"><li>India's prime minister caused a shock after his reelection by publicly thanking Taiwan's leader.</li><li>Many countries avoid publicly engaging with the island nation so as not to anger China.</li></ul>Indian Prime Minister Narendra Modi riled China in one of his first acts after being reelected for a historic third term.Modi, who was reelected in a much-narrower-than-expected victory on Tuesday, accepted the congratulations of Taiwanese President Lai Ching-te."I look forward to closer ties as we work towards mutually beneficial economic and technological partnership," Modi wrote in a <a target="_blank" href="https://x.com/narendramodi/status/1798339373785911656">post on X</a>.China is often furious when countries publicly acknowledge Taiwan's independent status.It has long <a target="_blank" href="https://www.businessinsider.com/xi-biden-china-going-take-over-taiwan-war-report-apec-2023-12">considered Taiwan its rightful territory</a> and is menacing the independently governed island with the prospect of invasion.At a press briefing in Beijing on Thursday, China's foreign ministry criticized Modi's message."India has made serious political commitments and is supposed to recognize, be alarmed about, and resist the Taiwan authorities' political calculations," said the ministry's spokeswoman, Mao Ning, according to Bloomberg.Tensions between <a target="_blank" href="https://www.businessinsider.com/narendra-modi-redouble-global-power-mission-despite-election-setback-india-2024-6">China and India</a>, Asia's biggest powers, are increasing as New Delhi seeks to counter what it sees as intensifying Chinese aggression in the region. A clash on the countries' Himalayan border in 2020 resulted in the deaths of 20 Indian and four Chinese soldiers.While India and Taiwan don't have formal diplomatic relations, Modi has sought to <a target="_blank" href="https://www.anz.com/institutional/insights/articles/2024-05/the-india-taiwan-economic-corridor-can-flourish/">strengthen economic ties with Taiwan</a> in his 10 years in office.An employment pact between the two countries could allow Indians to work in Taiwan. Meanwhile, Taiwan is seeking to increase its investment in India. John Deng, Taiwan's longest-serving cabinet member, told the <a target="_blank" href="https://www.ft.com/content/c3bde062-e308-409b-8832-ca6acaf4febb">Financial Times</a> in April that there was "a foundation for India and Taiwan to move forward" with a trade deal."Taiwanese investments will help India develop its manufacturing infrastructure," he added. "India is competing with China as a global manufacturing hub, and this represents an opportunity for Taiwan to step up its business ties."

You Searched For "Modi third term" and got 6 results

Narendra Modi sworn in for third term as India's prime minister in pictures

Cameron Manley

Modi claims a historic 3rd term but he'll have to rely on allies

Matthew Loh,Tom Porter

As PM Modi awaits his third big win, here’s how BJP created history during the 2014 & 2019 Lok Sabha elections

Ashmita Gupta

PM Modi invites US CEOs to take a 'byte' out of India's growing technology sector

PTI

Maldives President Muizzu met with PM Modi in Delhi today. Here’s how it went!

BI India Bureau

Modi went straight from reelection to needling China

Tom Porter

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