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India election results show Narendra Modi’s BJP trailing in key states

ITN News Editor
By ITN News Editor December 11, 2018 12:03

India election results show Narendra Modi’s BJP trailing in key states

Early state election results show India’s ruling Bharatiya Janata Party trailing in three key states where they were in power. The main opposition Congress is leading in all three states Madhya Pradesh, Rajasthan and Chhattisgarh. Losses in these polls are a factor of anti-incumbency in the states and are not a major cause for worry for the BJP. India will hold nation-wide parliamentary elections early in 2019.
Meanwhile, India’s currency slumped one day after the abrupt resignation of the country’s central bank governor. The Indian rupee fell 1.3% against the US dollar and stocks were also lower as investors reacted to his departure. Urjit Patel resigned from his post midway through his three-year term, citing “personal reasons”.

ITN News Editor
By ITN News Editor December 11, 2018 12:03

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