2024-06-10
7 分钟The Economist Hello, Mike Bird here, co-host of Money Talks,
our weekly podcast on markets, the economy and business.
Welcome to Editor's Picks.
We've chosen an article from the latest edition of The Economist,
which we very much hope you'll enjoy.
limit the concentration of power and change a country's destiny.
After a decade in charge,
Narendra Modi was forecast to win a landslide victory in this year's election.
Yet on June 4th it became clear that his party had lost its parliamentary majority,
forcing him to rule through a coalition.
The result partially derails the Modi project to renew India.
It will also make politics messier, which has spooked financial markets.
And yet it promises to change India for the better.
This outcome lowers the risk of the country sliding towards autocracy,
buttresses it as a pillar of democracy,
and if Mr Modi is willing to adapt,
opens a new path to reforms that can sustain its rapid development.
The drama unfolding amid a scorching heatwave begins with the election results.
Mr Modi's Bharatiya Janata Party or BJP aimed to take up to 370 seats in the 543-member lower house,
an even bigger majority than in 2014 or 2019.