Joe Biden Narendra Modi
Narendra Modi and Joe Biden at the White House in June 2023.
  • Narendra Modi's party won far fewer seats than expected in India's election.
  • Modi's weakened majority may make it tougher for his government to push through reforms.
  • That could spook American firms that have warmed to the Prime Minister's pro-growth policies.

Narendra Modi looks set to secure a historic third term leading Indian despite his party winning far fewer seats than exit polls had suggested.