The world's largest election is about to begin in India, with exit polls indicating a probable win for Modi.

• The 2024 general election in India will begin at 08:00a.m. local time on Tuesday, with Narendra Modi predicted to secure a third consecutive term as prime minister.
• On Saturday, numerous exit polls indicated that the Bharatiya Janata Party-led National Democratic Alliance was poised to secure a massive victory.
• On Monday, markets surged due to exit polls, with the Nifty50 and Sensex reaching new record highs of 23,338.70 and 76,738.89, respectively.

The 2024 general election in India will begin at 08:00a.m. local time on Tuesday, with Narendra Modi predicted to secure a third consecutive term as prime minister.

On Saturday, numerous exit polls indicated that the Bharatiya Janata Party-led National Democratic Alliance would secure a massive victory, with the NDTV poll of polls estimating the coalition's seats at 365 in the lower house of parliament. However, it's important to note that exit poll projections may not always be accurate.

The party or coalition that obtains at least 272 seats in the 543-seat parliament becomes the ruling government.

The BJP's predicted victory in exit polls caused markets to react positively, with the Nifty50 and Sensex gaining over 3% and reaching new highs on Monday.

On Monday, the Nifty 50 and Sensex both reached record highs, with the Nifty 50 closing at 23,263.90 and the Sensex closing at 76,468.78.

Almost a billion registered voters participated in the world's largest democratic exercise, which took place over seven phases and more than six weeks.

India's economy has experienced steady growth under Modi's leadership, with the latest GDP data indicating an 8.2% expansion in the fiscal year 2024, ending in March.

The country remained on track as the world's fastest growing large economy, with a growth rate higher than the government's initial forecast of 7.6%.

Samir Kapadia, CEO of India Index and managing principal at Vogel Group, stated that Modi will focus on India's growth in new ways by riding the winning horse.

Boosting the country's infrastructure development will be a top priority for the new government, as it has improved but still lags behind China's.

"Steve Lawrence, chief investment officer of Balfour Capital Group, stated that while India's infrastructure is not yet on par with China's, they will eventually catch up. However, the two countries are currently evenly matched in terms of "intellectual horse power.""

According to Lawrence, there are two societies that are diligent, knowledgeable, becoming more intelligent, and comprehend the complexities of international markets.