Coalition rule could be good news for the Indian economy

Previous multiparty governments have pushed through tough reforms

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20240611 modi

Narendra Modi bows during his swearing-in for a third term as India's prime minister in a ceremony at the presidential palace in New Delhi on June 9.  © Reuters

Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

India's financial markets turned jittery last week when it suddenly became clear that Pime Minister Narendra Modi's Bharatiya Janata Party would lose its parliamentary majority.

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