situation report

May 17, 2019 | 18:40 GMT

1 min read

India: Modi Holds Press Conference as Elections Enter Final Phase

What Happened: Indian Prime Minister Narendra Modi has held a press conference as nationwide parliamentary elections enter their final phase on May 19, Livemint reported May 17.

Why It Matters: Modi's decision to hold a press conference was a last-ditch attempt at swaying voters ahead of the final phase of parliamentary elections. If no party or alliance wins a majority, India may enter a brief period of uncertainty as coalition talks unfold.

Background: Global investors are worried that a return to a coalition government will hurt India's investment climate as the ruling Bharatiya Janata Party seems likely to fall short of an absolute majority.

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