(Bloomberg) India’s ruling Bharatiya Janata Party won three crucial state elections and unseated the opposition in two of them, strengthening Prime Minister Narendra Modi’s bid for a third term in office.Most Read from BloombergAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingEerie Calm in S&P 500 Signals Historic Rally Has Staying PowerBill Gates Says Chances of M
While the state elections aren’t a proxy for 2024’s national vote, the fact that the opposition lost fairly comprehensively will buoy the ruling party and Prime Minister Narendra Modi ahead of the general elections.