Modi Is More Powerful Than Ever — Even as India’s Economy Strains

通胀来袭:莫迪大胜后的经济生死战。

Big Take Asia

2026-05-13

24 分钟
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Despite India facing economic headwinds, Prime Minister Narendra Modi’s party defied expectations with a stunning state election sweep — capped by a historic win in opposition stronghold West Bengal. On today’s Big Take Asia Podcast, host K. Oanh Ha speaks to Bloomberg’s Menaka Doshi about how the BJP secured a shock victory and what an emboldened Modi might mean for India and the world. We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Read more: Resurgent Modi Paves Way to Keep Power in India Well Beyond 2030 Hosted by K. Oanh Ha; Produced by Naomi Ng, Yang Yang; Reported by Menaka Doshi; Edited by Paddy Hirsch. Fact-checking by Rachael Lewis-Krisky, Yang Yang; Engineering by Taka Yasuzawa. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver; Executive Producer: Nicole Beemsterboer. See omnystudio.com/listener for privacy information.
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  • India is having a tough year.

  • Energy prices are up, supplies are tight,

  • and because India is one of the biggest fuel importers in the world,

  • the conflicts in the Middle East is putting intense strain on its economy.

  • And yet, up against all these economic difficulties,

  • Prime Minister Narendra Modi has just pulled off one of the most significant political wins of his career.

  • Indian Prime Minister Narendra Modi's BJP has won an historic landslide in West Bengal state,

  • ending 15 years of rule.

  • More than 154 million people voted in elections in five states and territories.

  • That began in April with results announced earlier this month.

  • And Modi's party, the Bharatiya Janata Party, or the BJP, delivered a huge surprise.

  • It won control of the state of West Bengal for the first time in history

  • and extended its reach into a region long dominated by the opposition.

  • In a victory speech in New Delhi last week,

  • Modi told supporters that the success in West Bengal marked a new chapter for the state.

  • It also marked a new chapter for Modi himself.

  • In the 2024 general election, Modi won a third term,

  • but his party lost its majority in parliament.

  • His popularity seemed as if it had dimmed a bit after the outcome of the 2024 elections