User:Magentic Manifestations/sandbox/Aftermath

Aftermath
In a speech to his supporters on 4 June, Modi said that the NDA would form a third consecutive government. Following a meeting with other members of the NDA on 5 June, Modi was formally endorsed to become prime minister again and on 7 June, he was selected as the parliamentry party leader of the NDA. On 7 June 2024, Modi submitted the letter of support of 293 MPs to Droupadi Murmu, the President of India and the President invited him to form the government.

He was inaugurated as the Prime Minister on 9 June. This marked Modi's third term as the Prime Minister and his first time heading a coalition government, with the TDP and JD(U) as major allies. Along with Modi, a 71-member council of ministers also took charge, of which 61 belonged to the BJP, including ministers of foreign affairs, home affairs, finance and defence, while the major allies TDP and JD(U) had two ministers each, with the rest belonging to the other members of the NDA.

Independent MP Vishal Patil representing the Sangli Lok Sabha constituency, who was a member of the Congress party earlier, extended support to it after the election, increasing the opposition alliance tally to 235. On 8 June, the leadership of the Congress Party unanimously nominated Rahul Gandhi to become Leader of the Opposition, a position which had been vacant since 2014.

Reactions
Modi called NDA's victory as "a historical feat in India's history", while Congress president Kharge said "the election was a moral and political loss for Modi and a win for democracy and the public". Leaders and officials of various countries congratulated Modi on the victory.

The Indian stock market benchmark indices BSE Sensex and Nifty50 hit intraday record highs and the Indian rupee strengthened after the exit polls were released. However, on the day results were announced, the stock markets crashed. On June 6, Rahul Gandhi called for an investigation, saying that Modi, Shah and finance minister Nirmala Sitharaman had misled investors into buying stocks before the release of the election results on 4 June in anticipation of a landslide victory by the BJP, which was refuted by the BJP stating that it was Gandhi who is trying to mislead the investors in the stock market.