The landslide election of pro-business candidate Narendra Modi as India’s new prime minister is likely to shake up that country’s politics and jump-start its economy, but it could also have a big impact on the world economy and emerging markets.
Modi, who takes office tomorrow, won a resounding victory by focusing on the economy and stressing the need to encourage investments to speed up the country’s sluggish growth.
For the first time in three decades, Modi’s opposition party will have a majority in India’s 543-seat lower house of