Uncertainty as India prepares for coalition government
Although the BJP, the ruling party for the last decade, won the most seats in parliament, it didn't secure enough for a majority, resulting in uncertainty over the stock market, business policy and the strength of the rupee.
India is preparing for a return to coalition government after the majority party the Bharatiya Janata Party (BJP) failed to gain enough seats in parliament to win an outright majority in this year's general elections. As a result of the uncertainty, billions of dollars have been wiped off the value of India’s stock markets.
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