The outcome of India’s recent general election was announced at the end of May, after six weeks spent counting about 600 million votes. As expected, incumbent prime minister Narendra Modi and his Bharatiya Janata party (BJP) cleaned up. In coalition with other right-leaning parties, the BJP now controls both the upper and lower houses of India’s parliament.
This result means Modi will now serve another five years as prime minister of the fast-growing emerging economy. It’s an outcome that has been widely celebrated by investors and markets. So what is all the fuss about?