Indian Prime Minister Narendra Modi promised to unite the country on Thursday after a big election win, with his party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security, ONA reports citing Reuters.
“Together we will build a strong and inclusive India,” Modi said on Twitter.
“India wins yet again!”
Modi’s victory boosted financial markets as investors expect his government to continue to pursue economic reforms. He will be under pressure to provide work opportunities for the tens of millions of young people coming on to the job market in the next few years and to boost depressed farm incomes.
“The immediate challenges are to address employment, the issue of agricultural income and revive the banking sector,” said Madan Sabnavis, chief economist at Care Ratings in Mumbai.