India Election Update – June 2024

Contrary to the opinion polls and exit polls ahead of India’s general election, Prime Minister Narendra Modi won just 240 seats out of 543 seats, denying him a single party majority in parliament. Indian investors are clearly taking this result as a negative, with the market having its biggest daily fall since 2020 on June 4. Read more about why Dalton views the result in a more positive light.