Modi's Alliance Leads but Faces Reduced Majority in 2024 Election

Prime Minister Narendra Modi's Bharatiya Janata Party-led National Democratic Alliance is set to win India's election but with a reduced majority, securing around 290 seats compared to 353 in 2019. Despite robust economic growth under Modi, concerns over unemployment and governance have affected voter sentiment. The Indian stock market reacted negatively to the election trends, and the rupee weakened. Modi's manifesto promises to make India a top three global economy and tackle poverty and corruption, though critics highlight issues of democratic decline.