Modi Claims Victory Amid BJP's Unexpected Election Setback

Indian Prime Minister Narendra Modi is set to win a historic third term, but his Bharatiya Janata Party (BJP) lost its outright majority for the first time in a decade, leading to a coalition government. The unexpected outcome has spooked investors, causing a significant drop in stock markets. Modi has promised to work harder and focus on key sectors like electronics and defense manufacturing. Despite the BJP's reduced numbers, analysts expect continuity in policies.