"Modi Wins Third Term with Reduced Mandate, Wall Street Reacts"

Indian Prime Minister Narendra Modi's failure to secure a supermajority in the recent elections has caused significant concern among business executives and investors, both domestically and internationally. The unexpected results have led to a sharp decline in the Indian stock market and raised questions about the future of Modi's economic reforms. U.S. companies, heavily invested in India as an alternative to China, may need to adjust their expectations. Despite the political setback, experts believe India's long-term economic potential remains strong, though the pace of reforms may slow under a coalition government.