Narendra Modi just won India's election in a landslide victory

12:36 PM ET Thu, 23 May 2019

Indian Prime Minister Narendra Modi will return to power for a second term after his Bharatiya Janata Party won big at the parliamentary elections on Thursday. Modi declared his victory before his rival conceded. Modi's government will have its work cut out: India's economy is slowing, its shadow banking sector is in crisis and credit lending from banks is still weak.