Modi would win a third term, as his strong leadership has led to solid economic growth and raised India's international profile. However, the BJP-led National Democratic Alliance (NDA) failed to win the number of seats it had hoped for, raising questions about the future of Modi's leadership in his third term. Concerns about the rollback of pro-market policies, such as land and labor reforms that Modi has actively pursued, have led to volatility in the Indian stock market following the vote count. In particular, the fact that Modi will be governing in a coalition for the first time since coming to power, and is likely to face strong opposition from the National Congress-led coalition (INDIA), has raised questions about his leadership going forward. In short, the challenge for the Modi government's third term will be to overcome the leadership gap and pursue its policy agenda.