While Modi's BJP and allies are set to return to power, they fall short of predicted supermajority, raising concerns on the government's strength and potential instability.
Stock markets plunge over $350 billion as election results surprise, casting doubts on the future government's stability and causing fluctuations in the market.
Despite the unexpected election outcome, the impact on crypto policies is minimal, with prevailing restrictive rules expected to persist, including a 1% tax on all crypto transactions.
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