India’s economic boom won’t be derailed by its election shock

News Snapshot:

New Delhi CNN — Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. India boomed during Modi’s first two terms as prime minister, leapfrogging the United Kingdom to become the world’s fifth biggest economy and growing by 8.2% in the last fiscal year. But the new government will need to make more big changes to sustain that pace if India is to become an economic superpower and a manufacturing rival to China. “With a more fragmented...