Peter Lewis: Asia Business Correspondent on Narendra Modi losing outright majority

Narendra Modi’s ruling Bharatiya Janata Party (BJP) won 240 seats in the 543-member lower house of parliament – not enough to form a government.   National Democratic Alliance (NDA) partners won a further 53 seats to drag the coalition over the line.  Modi has kept a dominant presence in Indian politics for the past decade - with outright majorities in previous elections.  Asia Business Correspondent Peter Lewis told Heather du Plessis-Allan “This is not a bad thing at all – despite the panic we saw in the Indian financial markets.”  Lewis said “The government we’re getting now, is not going to look that much different from what we saw before the election.”  LISTEN ABOVE. See omnystudio.com/listener for privacy information.