narenda modi. they're greeted by his mother in her 90s. modi 63 years old.ir mother blessing him, greeting him, congratulating the man. perhaps one of the most poplarizing of politicians in india at the moment. a man who now has dealt a crushing blow to the congress party, the party of the gandhis, the congress party which has been in power ten years since india independence. this man, narenda modi, a polarizing figure. a man who's rebooted the economy. he plans to create millions of jobs and open the economy to foreign investors. we'll be looking at all those developments in a few minutes time. stay with us here on "gmt." rejoice... for you have entered the promised land of accomodation. ♪ booking.com booking.yeah! i don't know... i forget. hello, neighbors. hey, scott... perfect timing. feeding your lawn need not be so difficult. get a load of this bad boy. sweet! this snap spreader system from scotts makes caring for your lawn snap-crackin' simple, guaranteed. just take the handy, no-mess bag, then snap, lock, and go. it's a new day for lawn care, feeding

modi looks set to book the next prime minister. we are seeing some of the leaders of the bjp, the president in the middle talking about a victory with support from many different parts of india from women. all people in india and word to followers, don't use words that are provocative or controversial. maintain your discipline. you can see the lotus are there that will will really bloom. let's continue to bloom of the president of the bjp in the news conference. >> we all sit together and decide. there is no doubt as ghani is concerned. he's our guide. he's like a guardian. we all treat him like yaguardia. i want to say bjp party -- actually he gave height to the bjp it is today. we will never let question mark on credibility and trust. we have created so many parties that came together to form the alliance. see whateverkpkpú"k0fr i decid consensus. it was not:'+ozbm:o/omzi a pers. it was a decision from everybody's opinion. see it's not internal affair of the congress party. please i don't want to comment on that. >> this is a n

modi, after the 2002 2002gujrat riots -- >> he's not modi. a look alike? look like modi, yeah. ah.urse modi wasn't going to appear in public, he was the most powerful man in india. i saw a report on indian television he was holding a rally across town. mr. mosey, you've yet to express remorse. why is that? >> i need a translator! okay. hold on. you're not the real modi? listen, i'm not saying you all look alike, but you really look alike. >> i look like modi? yeah. turns out in a country as big as this, a candidate can't be everywhere, so instead they dispatch lookalikes to rally the voters. i saw modi doubles, triples and even qua quadruples. >> him? no, doesn't look like him. he'd gone to great lengths to gouge d.o.j. questions about the riots, but according to this spokesman, that case is closed. >> there are only a few elite in the media who can't forget the memories of 2002. >> so why hasn't he just come out and said, you know what? it's terrible what happened? >> the supreme court conducted extensive inquiries and he was being tricked. >> the highest court in the land cleared

if the exit polls hold the new prime minister will be narendra modi or arvind kejriwal. >> modi is the chief minister. he ihehe is a hindu nationalist. his state has been booming compared to the rest of the country. the final phase of voting involving 40 seats wrapped up monday. one key battleground in the skate state of varanasi. arvind kejriwal. >> we want a good government. we should only vote for a person who can deliver this to us. >> india has had record growth the ladder 20 years, an income distribution programs have lifted millions out of poverty into a new middle class. it's these voters who are concerned now that india's striking gdp growth is slowing. voters want the next period to rein in inflation. most serve o survive on $2 a da. the congress party fought to end british colonial rule. today's congress party has been plagued with allegations. modi has been dogged about his attitude towards india's minority. in 2000, as many as a thousand muslims were killed. modi was accused of not doing enough to stop the violence. the u.s. revoked his visa over it. the g.o.p. leader has

modi will take care of people from all faiths. highways done it before and he will do it again. >> reporter: in stark contrast to this euphoria the party's office was di certificates dese. the media waited to hear from sonya gandhi. >> we hope which ever government is formed will do the best for the country, and i congratulate that new government. >> reporter: as the outcome of more than months of polling became clear the victory by the bjp filled up quickly. this is the first time in independent india's history that a non-congress party won on its own. they have campaigned for change. india's people party has returned to government with a massive mandate. al jazeera, new delhi. >> i got to tell you india's new prime minister has had a history of controversy. narendra modi is a hindu nationalist, something that fears many groups will be marginalized in. >> reporter: the son of a poor tea seller, something that he reminded voters time and time again. thhe clearly struck a chord. but his history is not without controversy. he has cl

modi's signature.e has created a very business friendly investment environment in his home state, and he talked about finding ways to do that facially. >> and he's corruption-free, is that true? >> corruption scandals have been unfolding across india. >> is it true that washington has been frustrated by india's failure to open up more to foreign investment and address some of these issues around intellectual property violations and do you see modi as a man who could bridge those issues? >> there have been some frictions that have grown a little more louder, i would say over the course of the last two to three years. some of these are areas where i think the platform led by prime minister elect modi is well placed to make a difference. as you mentioned, sectors with strong political mandate and should be in a position to open up sectors that have been limited such as insurance, for example, which has been pending for ten years. that could be hopeful in building the infrastructure he talks about wanted t

the explosion of tweets all about the hindu modi.wasn't the only politician who has been turning up really well on social media. >> let's narrow this down to the three main candidates on social media. this is a counter of the real time mentions of their name on twitter. this starteded a midnight local time. >> he is very famous for using holograms. let me show you his google fly through where he started. he started in southern india. we spotted a tweet on april 8th. and moving across to the end of his campaign and he ended in his home state, and then about 10:00 am local time there was this little tweet that came from his home state with his mom asking for her blessings. >> during the election many predicted this would end in what was called a modi wave. but what we are actually seeing is this. there is also this graphic being circulated showing a giant wave about to take over india. >> so when does bjp feel confident that they won? a little clue here. this video was tweeted out 1:00 am local time india. have a look at it. ♪ >> this

the papers are awash with modi. indian express says he'll deliver the first single party in 30 years, "i'm your servant, an ordinary man." then the asian age says it's a tsunamo. the picture of the post-election page is narendra modi meeting his mother asking for her blessing before the vote count on friday. the delhi expecial says seven out of seven seats - the union state of the capital delhi have gone from congress to delhi, happening in the states of googerate across the board, a wipe out. "the times" of india giving the congress party an opit uary. first family faces the deepest party - not just them, but the congress party. they are in a shambles. >> we talk about the size of the b.j.p.'s victory and the congress party doesn't have enough votes to form an official opposition. the question is why? what has changed in india. why do people want a turn around? >> it's easy to use the word change. we have heard it so many times in general elections after used by barack obama in the united states. over the past five

modi came into power. it has been a more will to the state within india. -- it has been a more well-to-do state within india. there's a great deal of suspicion about surveillance. there was a case where a minister mr. modi was suspected of ordering surveillance on a young woman. there's a lot of distress withint. this is beyond gujarat. for instance, a few days ago in the northeast of india, which is where i come from, there were cases of violence and about 50 people died in the violence. the rss, which is the radical and larger part of the bjp, constantly stokes up anti-muslim paranoia. they refer to this india as being -- becoming islamist pakistan. they are very, very hard line about referring to these people as outsiders. >> i want to ask you about some of the splinter parties that have always existed. india has had a tradition in regional areas, strong communist movements and left-wing movements. what has been the fate of those parties in this election and the prospects for growth among more people-or

modi will take care of all people from all states.s done it before and he will do it again. >> reporter: in stark contrast to this euphoria, the leading congress's party office was deserted. this result was the worst in the party's history. only the media stayed in place to hear the answer from the party's leader. >> they will do the best for country and i will congratulate that new government. >> reporter: as the outcome of more than a month of polling became clear, a victory well set up by the bjp filled up quickly. this is the first time in independent india's history that a noncongress party has won a majority on its own. they have done just that and after nearly ten years in opposition india's people's party has returned to government with a massive mandate. niddy dutt, al jazeera, india. >> narendra modi was even bard from stepping into the united states for his attack against muslims 12 years ago. >> modi is seen as a divisive figure. blamed for not protecting muslims in 2002 leaving over 1,000 dead. will the new government off

modi was anti muslim.e's an element of symbolism as well. >> there is an element of symbolism, but also domestic politics and come pumgs from his initiatives. i have no doubt whatsoever this will give the impetus, cautious we need to be in terms of what will this result in terms of substantive outcomes. i think it's a good start to give discussions around trade and to the mumbai terror court trials within pakistan. >> sounds like you're quite optimistic about mr. modi's premiership and also this relationsh relationship. >> certainly in terms of a relationship. given the mandate mr. modi has, the moral responsibility now lies on him to take this foreign policy direction forward. this is a party that has criticized the congress party over the last ten years for not going far enough. now the moral imperative remains on far render modi's food steps given he has a much larger mandate that they had in the last ten yoors. >> thanks very much. >> thank you. >>> stay with us here on "bbc world news." still to come,

narendra modi was once a railway station keyboard. now he is going to be the leader of the world's largest of moxie. thomas he is -- largest cressey. he said he is going to transform. this has laid the foundation of modern india. your hopes and your dreams will come true. you will be able to look into the face of the world with pride. a decade ago, india thought it was on track to catch up with china. instead it has fallen badly behind. when narendra modi one because he promised to get the economy back on track. there is an incredible atmosphere. this is a historic victory. man fromirst time, a the humblest origin is about to become indian prime minister and with a commanding majority. many indians say this is the beginning of a whole new era for the country. >> big business help fund his modern residential star campaign. it attracted support from hundreds of millions of voters from all walks of life. opposedians also narendra modi because of religious riots here in his home state when he was in charge. he was clear that any wrongdoin

narendra modi, being congratulated by his mother. his supporters are on the streets in anticipation of victory. more than 500 million votes were cast during the nine phase general elections. the finishing line is in site as we join our correspondent, outside a counting satisfaction. will we know pretty soon that it is absolute, and the size of the victory? >> yes. i mean the election commission leads, or shows that the b.j.p. has the numbers that they require to form a majority government. they require 272 seats to form government and the election commission shows that they are beyond that. they have to be confirmed when the results are in. if the results validate what we are seeing at the moment, it's an extraordinary victory - would be an extraordinary victory for the b.j.p. it's the first time in independent history that a partying maggpart partying managed to win more than 230 seats. we are in the state where narendra modi is from. he's been the chief minister for the past 12 years. celebrations are underway. supporters have been

so it's a kind of in not india, i think largely, it's a kiekd of a modi wave. >> reporter: modi servedthe chief minister of his state. he had many economic successes there, but some controversy too. at least a thousand people, mostly muslims were killed in riots in 2002. divisive too was his policy on fighting armed groups, and his announcement in april on how he would deal with illegal immigrants ehs specially those from bangladesh. >> translator: came may 16th you bangladeshies better be packing your bags and preparing to leave. >> reporter: but he has still been able to present himself as the common man. his voters are hoping he can deliver on his election promises, and build a government free of corruption, despite his controversial past, it's his future indians are looking to. >>> less clear whether washington will roll out the welcome mat for indian's new prime minister. as erica wood explained nine years ago modi was denied a visa to enter the u.s. >> no individual automatically qualifies for a u.s. visa. u.s. law exempts foreign officials including heads of state and heads of g

narendra modi has been taking his oath of office. modi said he will rule without fear, hatred and run in accordance to the constitution. in new delhi, they have been watching events. tell us more about the procedures. >> reporter: well, just on your screen you saw a lady in a green sari, that was the former daughter-in-law goo gunned gand. she will look over the women and child development ministry. the ceremony started 25 minutes ago, and we saw narendra modi come to the podium and in front of the president and asyste asse his guests. he has taken his odometer and was sworn in to his oath to end. now what we're seeing in the presidential court yard are all of the ministers taking the oath. it will last about 90 minutes. >> while these ministers take their oaths we find out which has which portfolio and which has which ministry. very unusually for mr. mr. sharo be there. >> reporter: these are archenemies. they've had three wars over kashmir and the law. the countries have been very cautious. mr. modi is seen by analysts here as cert

modi. >> absolutely. see behind me the massive crowd that gathered outside the bjp and they are here because they are expecting the man of the moment any second now who headed the bjp campaign to win the elections will be here and they have been waiting an hour and now the celebrations are high and they are trying to hold the crowds back and they are chanting and have been at it all day and they are here to welcome what looks like india's now future prime minister modi. >> okay, so it's very difficult to hear you because of the noise but we can just only imagine that the sense of victory and triumph they are experiencing there, mr. mod ishgi is very mu isn't he, a part of his state? >> yes, exactly, he is the chief minister here and he is really credited with the economic growth in this state, the state had a higher gdp than the national average and unemployment is the lowest in the country and infrastructure is high with loads and surplus and electricity and it's religion the back of the work that modi h

modi is someone who speaks the language of business. india arem members of -- tracking the slowdown that we have seen. willing policy paralysis get kick started if there's a strong government that comes to the center. to replicatele what he has done in his position , -- all off minister them giving a big thumbs up to these leads coming out as we speak. will continue our conversation on india later with the chair of the asian business association and the chairman of cobra beer as well. don't miss that. >> now, let's get over to one of our top corporate stories. credit suisse is getting ready to pay out $2.5 billion. jonathan ferro has the latest for us. it all mean? put the size of this into scope. two .5 billion is a lot. >> is a great deal of money, especially think of what they put aside. bear in mind, they put away 425 million dollars a couple of months ago, it seems it will be much bigger than that. it makes significant progress this year. if they can get this deal done, it is the pleading guilty part big clue in is the how bad it c

boycott of modi in 2012. divisive too was his policy on fighting armed groups, and he announced in april how he would deal with the neighboring immigrants from bangladesh. >> come the 16th, you bangladeshis had better be packing your bags and ready to leave. >> reporter: but still, he's presenting himself as the common man, to improve the economy, and free of corruption. despite his controversial past, it's modi's future that they're looking to. erica wood, aljazeera. >> in kenya, at least ten people are dead after a pair of explosions in nairobi this morning at a bus stop. kenya's government said people were injured. and no group has claimed responsibility for the attacks. >>> and a growing professor in nigeria. the president canceling his visit 20 the village where the girls were abducted. goodluck jonathan called it off for security reasons. he did it in the northern states where the military is fighting boko haram, and he's going to paris instead to attend an international security summit that's being con

by macneil/lehrer productions >> woodruff: in india today, supporters of opposition leader narendra modi celebrated a decisive election victory for his hindu nationalist party and the end of the ruling congress party's long hold on power. good evening. i'm judy woodruff. also ahead, gwen ifill's roundtable discussion on the legacy of "brown versus the board of education" as 60 years later american schools are becoming segregated again. >> we went in one generation because of brown from being a country where a majority of people accepted racial hierarchy and supremacy to where a majority absolutely reject that. we are finding too many place racially segregated and also too many places we're >> woodruff: and it's friday. communicating lessens of value to our kids. >> woodruff: and it's friday. mark shields and david brooks are here to analyze the week's news. those are just some of the stories we're covering on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> i've been around long

and that makes modi india's next prime minister. many supported modi. the 63-year-old leader, and son of a tea peddlering. supporters were inspired by promises to pump up investments, create jobs. modi will inherit a country plagued by corruption and inflation. >>> the earlier stellar performance is a key reason india became the iin bricks. the acronym for some of the world's growing economies. budget deficits and weak consumer demand have taken a toll on the world's tenth biggest economy. the stock market surged to a 6% record before closing up 1%. the 30 year stock sent its index up 22% since m odi became the prime minister candidate, and the rupee has stabilized. and the country's rating could be raised if the government cuts the budget deficit and takes other steps to restore confidence. that confidence is critical to increasing investment in the country. the key to that lays partly in modi's ability to cut red tape. >> reporter: with celebration comes hope of a jump-start to india's economy. in his bid to become prime minister, narendra modi vowed

narendra modi will be the new prime minister after his v.j.p. party swept into power by a landslide. he was greeted by jubilant supporters as he arrived in new delhi. he's to visit the sacred city in the next few days and will be formally sworn into office, and will choose the members of his government. we'll go live to new delhi and talk to our correspondent. now he's greeted some of his followers. he's going the hindu sacred spot. but he'll have to sit and confront the immense challenges before him. >> reporter: indeed. there are major challenges for him and india. one of the topics that's been mentioned, as we have been mingling with the supporters, as we wait outside b.j.p. headquarters, which is where we are, they were saying that corruption is the one thing we want to deal with. we want bureaucracy and clear transparent government. that's what we put you in power for. and that we will deliver. it reflects in the papers, a selected of headlines across the board. a lovely picture. he'll meet his mother, a 95-year-old lady, a proud woman to s

and narendra modi is for inclusive growth. that means all caste, all cedes, all state. >> voters were impressed by his physical achievements, a state he governed for the past 12 years. while the country's g.d.p. growth is below 5%. gujarat is revelling in low unemployment. it is a hub for manufacturing, and per cap ita income, it has nearly doubled between 2004 and 2010. yet economists warn that narendra modi will face challenges in bringing prosperity to the rest of india. >> he will have to rely less on bureaucracy, because bureaucracy could be hard, inefficient and indifferent to the area. >> reporter: gujarat's development has been problematic. like thousands of residents, this woman and her family were forced out of a city slum to make way for a recreational park. officials promised them new homes. that was four years ago. >> translation: narendra modi must have given houses to a lot of people. i haven't seen anything. all i want is for them to give me a house, otherwise take me back where i lived. >> reporter: for years

first denied modi a visa. >> reporter: narendra modi may be indian's prime minister in waiting were butot welcome in the united states. the u.s. state department denied modi a visa in 2005 following bloody anti-muslim riots in his home state in india. but now three state department officials tell cnn modi will be granted a visa once he takes office like all heads of government. modi, a hindu nationalist, was chief minister of the western state when sectarian riots broke out in 2002. more than a thousand people mostly muslims were killed in the violence. as a result, u.s., are britain powers imposed a diplomatic freeze on him for years. modi denied any wrong doing. and indian's supreme court absolved him of blame last year. this week with voting underway, u.s. officials dodged questions about modi's visa status. >> as you know, we don't speak to visa acceptances, applications, et cetera. >> reporter: the uk reinstated relations in 2012 as part of boothing ties with india. the state department officials say they look forward to working with india's next leader. >> we view our relationship

modi.who has to reach out and make them feel comfortable, make them feel like they are part of the experiment that the bjp will embark upon. 's andreally mr. modi the bjp's responsibly to make minorities still comfortable. leasttainly, or at anecdotally, we know muslims face discrimination in india. we have to believe that they worry about their position in society. just an extension of that, are there places in india where you think mr. modi will face the biggest challenge is as he tries to carry his agenda forward? where will he have to try hardest? i think assuaging the minority sentiment is something that has to be top of his agenda. the feeling within the bjp, it seems, is that if they can deliver on jobs, on growth, on development, they think that will makeising boat the muslim minority in christian and christian -- minority happy. i don't think they will be putting in place programs that will be minority-specific. i think their idea is if they can deliver on the other issues, they wi

narendra modi will take care of people from all fates.e's done it before and will do again. >> reporter: in stark contrast the leading congress party's office was deserted. it's the worse in the party's history. only the media stayed to hear from the president. >> translation: we respect the decision that has been made. we hope whichever government has been formed, they'll do the level for the country. i will congratulate the government. >>> as the outcome became clear, a victory by the b.j.p. became clear. >> reporter: the b.j.p., after 10 years in opposition, india's people's party returned to government with a massive mandate. >>> all right. let's go al jazeera's correspondent live in new delhi. how exactly will india be different under narendra modi's rule? >> well, india will succeed under any government. just depends if the government has the policies that allow community and a population to prosper. that is what narendra modi says. he says that india's economy has stagnated over the last 10 years. corruption is rife. what he wants

prime minister modi faces a massive task. leader laid out his priorities for his first 100 days in office yesterday. our next guest of the country is open for business. karan bilimoria is the founder and chairman of cobra beer. look, expectations are enormous. he has executed extremely well at a regional level. he laid out his priorities. is, should we be thinking as aggressively as we are about what he can achieve at a national level? what do you make of the priorities? >> this is wonderful news all around. i don't know how many people in this country saw the swearing-in ceremony of not only the prime minister but the old cabinet by the president of india in front of the viceroy's house. it was the most dignified event. saw this handover of power and everything was fantastic. democracy in action. the biggest election the world has ever known. narendra modi has made it clear, he wants action straightaway. how much clearer could he make that? having his first meeting when he became prime minister with the leader of pakistan to

be a big win by modi. i think they're a bit too optimistic. i think he will need to be a part of the coalition government and what held back policy-making in the previous government was also the same constraints in politics. >> reporter: but even if modi does face initial hurdles as prime minister, the business community believes he will still be able to do a better job than the incumbent congress party which has been blamed for a long laundry list of problems, including economic growth. >>> coming up, baggage fes, little leg rooms, long lines. it is what happens when you fly these days but not everybody is complaining. we have the surprising new results of a survey. >>> you hate to fly these days? well, before you answer you should know that despite higher ticket prices, long lines and all of those fees you end up paying a new survey says that airline passenger satisfaction has never been higher. it hit an all-time high. j.d. powers north american airlines study finds that fliers are happier than ever mos

modi heads bjp party, which swept to elections last week. modi is headed to pakistan for the inauguration. it is seen as an olive branch. no word if pakistani president my sharif will attend. india is growing 5% a year compared to 10% in 2010. to succeed modi will have to make good on his promise to eliminate red tape to boost domestic and foreign investment in the country. there is a lot of at stake. a recent note citigroup called india the land of 1.2 billion opportunities. a reference to the country's fast growing population. check out this graphic, and you begin to get the extent of the opportunity. fewer than 5% of indians own a car or a laptop. fewer than 15% have refrigerat refrigerators or washing machines, and fewer than half own a tv or bicycle. that's a big, under-served market. nohe expects modi does an enter job of adopting ideas than his predecessors and he joins me now from new york. thank you for joining us. >> good to see you, ali. >> good to see you again. you say that modi and his corp is very much like an american politic

modi?> reporter: the size is sizable and let me just say this, 272 is what was needed for a simple majority in the lower house of the indian parliament. you can see behind me on my left shoulder. what we know now is that mr. modi and his bjp-led national democratic alliance have secured more than 300 so this is what you would term a super majority. this is good news. this is good news for the markets and that's why they are rallying. this is good news for the indian bonds, as well. let me explain why. because it means that they won't have to be involved with any horse trading. any fractious coalition building which so much undermined the basis of structure reform and won't have to do that so the government will be speaking with one voice and that means that the reform momentum should be quite smooth. we were in the -- we were near the bjp headquarters in the capital earlier on and as you can imagine it's a carnival-like atmosphere people chanting modi's name and two elephants there and it's

modi, modi can get over his problems with america. he will have to shift his posture on several issues. for several years now, india has been adrift. new delhi has been punching below its weight, so much so that the country has almost disappeared as a serious player in the region and the world. torn between its own anti-colonial postures and the reality of a rising china, india has been stuck. it has shied away from the kind of robust relationship with the united states that would help it economically, militarily and politically. if the united states and india, two of the world's oldest and largest democracies, could create an urban partnership, it would be best for the cause for democracy and human rights around the world. for more, go to cnn.com/fareed and read my "washington post" column this week. and let's get started. >>> january 27, 2009. the united states was suffering from the worst financial crisis since the great depression. and timothy geithner had just embarked on his first full day as secretary of the treasury. he boldly

. >> i, narendra modi, do square that i will pay true faith and. >> day began early for modi. his first task was to visit the site where independence leader ma hath mhatma be gandhi was in. >> personnel protecting the area around the presidential palace where the ceremony took place. special commandos, bomb disposal troops, were some of the precautions in place. representatives from all of the neighboring states, including the prime minister of pakistan, mohamed sharif. but there was also controversy. protesters from surrounding states, boycotted. tamal leaders here, accuse, as a gesture of goodwill can the pakistan and sri lankan governments promised to release detained are fishermen and their boats. exceptional by analysts and the public a like, what i want from the modi government in my district is water. we get it once every 15 days. we need water, that's all. >> translator: he needs take care of the underdeveloped states and offer employment to those who need it most. we don't want our educated youngsters leaving the country. >> kick start the economy and encourage it wit

modi.president obama congratulated him and invited him to the white house, do you think he should get over this? >> i would say, he has decided to put a lot of judges behind him. in the campaign and before that, to me, he will want to reach out to the u.s. politically. i think the priorities are more likely to be economic. i think he sees far more benefit and encouraging american businesses to come to india by creating the climate for them to come and invest. then he would see value in rushing off to a photo op in the white house. >> final word, will the united states as it were have to pay a price for its frostiness towards mr. modi over this last decade? >> no, he's now the prime minister of a large country and he has to and must reach out to the united states, not just for the good reasons that shesie was just mentioning but more reasons. look at china and therefore partnership with japan, partnership with other countries, especially vietnam, australia and certainly with the united state

modi outright majority with 272 seats. it is an historic day.e will be back in just two. ♪ >> 55 minutes into the trading day. at the close of trades this week. let's see where the markets take us. . little bit of a decline we will wait for some more ecb rhetoric. >> i think we are building up and heating up towards that big meeting on june 5. it is not equities, not even the euro. it is this rally we have seen in spain, and italy. they have moved back a little bit now. is it is actual mass of correction. we have had inflation and the eurozone come down from around 2.5% to 0.5%. that is a big move. according to mario draghi, it is down to food and energy. >> the move has not been that big. to question is for the ecb do something. will they disappoint? a lot of people say their credibility is on the line. fire thatel to the you are expecting something. will a rate cut disappoint the market? this market is prepare for something bigger. >> most are prepared to think they are not at the end of standard measures. that involves a straightforward see h

yet economists warp that narendra modi will -- warn to narendra modi will face challenges in bringing prosperity to the rest of india. >> it could be lethargic in the center, and ipp different to the -- ipp different to the concerns he has. >> reporter: gujarat's do. has been problematic. thousands of residents, this woman and her family were forced out of the slums to make way for a park. officials promised them homes outside the city that was four years ago. >> translation: narendra modi must have given houses to a lot of people. i have not seep anything. all i -- seep anything. all i want is for them to give me a house or send me back where i live. >>> for years narendra modi's government has been accused of neglecting the most distrapinged. >> -- disadvantaged. many have been left behind by development. with a thumping major city rich and poor indians expect narendra modi to deliver op his promise of -- on his promise of economic progress. >>> pope francis is preparing for a historic tripe to the holy -- trip to the holy land. he leaves for jordan, and israel. his trip is the subj

modi could claim victory.inal vote count is expected later today. >> with that news, india's reached thedex has highest level in over five years. bjp arty havethe have 257 seats. investors wait to find out has enough seats to take power. great to have you with us this morning. victory ist this possibly all priced into the market. sorry, i didn't catch you very well. >> no problem. can you hear me? it is manus cranny in london. is all the victory priced in to the move of the rupee and the equities market. >> exactly. i have and index which is up 16% today. we have a target of 25,000. a victory of the bjp majority, which seems to be the case. we are advising investors who at indices in other countries, including china. staying with india for the moment, do you feel the currency move, the space and time that they have been given in regards to tapering is a plus for them? can the currency move higher on this? well, the currency can continue to move indeed. especially since we don't have the final results and we ar