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Viewsroom

India’s resilient democracy comes with a cost

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 6 June 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

Narendra Modi will have to rely on a coalition government after a shock upset in the national elections. In this Viewsroom podcast, Breakingviews columnists explain why politicians may dig deeper to support the poor and how power sharing may create challenges for big business. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hear that? It's your big McDonald's hunger calling, because the Big Arch is back,

0:04.8

and this time it's here to stay with juicy beef, cheddar cheese and that Big Arch sauce.

0:09.9

Hungry? You are now.

0:11.6

Order delivery on the McDonald's app.

0:15.0

Serve from 11am, upcharges and fees apply to delivery orders.

0:17.9

Subjects availability, price and participation may vary.

0:20.3

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:28.4

When India grows, the world grows.

0:34.7

When India reforms, the world transforms.

0:39.9

That was Narendra Modi speaking in 2021, sounding buoyant about India's prospects.

0:46.8

But this week, he was far less jubilant, having lost his majority in India's national elections.

0:52.5

The shock upset and what it means for ordinary Indian citizens as well as business is the focus of this week's views room.

1:00.9

Welcome back to the views room.

1:02.5

I'm Amy Donnellin.

1:03.5

This week we are focusing on the Indian election and Modi's loss of an absolute majority.

1:08.3

The past 10 years under Modi have offered the country a break from

1:11.9

coalition governments that often struggled to push through reforms. Will a new coalition see a return

1:17.5

of this kind of political deadlock? Why did investors react so badly to the results? And is there a way

1:23.3

of seeing this result as a positive for India. To help me answer these questions,

1:28.0

I was joined by two India experts,

1:30.7

Shwitama both and Yuna Galani from Breaking Views.

1:36.6

So there's been something of an upset in India

...

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