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.
- The Geopolitics of India's 2019 General Elections (May 17, 2019)
- India Waits Warily for a U.S. Trade Salvo (May 17, 2019)
- Why the Belt and Road Fuels India's Fears of Encirclement (April 19, 2019)