Indian PM Modi is on course to return to power with a strong mandate for a second term after his Bharatiya Janata Party looked set to win big at the parliamentary elections on Thursday. One expert weighs in on the reforms BJP has made so far.
Expectations for Modi to carry out important, but challenging, reforms that will drive growth are high among investors and India watchers.
Prasad pointed out that Modi's government was unable to deliver some of the reforms in areas like land and labor during its previous term. "Let's see over the next few months, whether the government is in a position to deliver on those expectations."More than 900 million people were eligible to vote in the polls that stretched over seven phases from April 11 to May 19.
In this year's elections, political parties resorted to their "traditional playbook of identity politics" to shore up support for their candidates, according to Pratyush Rao, associate director and lead analyst for India and South Asia at Control Risks. Even if BJP appears dominant, analysts said that the party will still need the support of its allies within the coalition to pass politically contentious major reforms — such as amendments to India's land and labor laws, disinvestment policies and subsidy reforms.
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