India's Prime Minister-to-be Narenda Modi has a clear mandate to push forward his economic agenda that some are already referring to as 'Modinomics.' The question now is can he deliver?
"There are huge expectations that the Modi government can transform the economy," Thomas Barnes from the University of Sydney's Department of Political Economy told CNBC on Monday.
"Modi has made promises to business, he's made big promises in terms of infrastructure, tax reform," he said. "He's also made substantial promises to the rural poor, so he really has raised the stakes and the main problem is going to be whether he can fulfill those expectations."
An alliance led by Modi's Hindu nationalist Bharatiya Janata Party (BJP) won 336 of the 543 seats in India's lower house of parliament in a general election, making it the first time in a quarter of a century that the country will not be led by a coalition government.
The results from the five-week long election were released on Friday and Modi is expected to unveil key cabinet posts in the days ahead.