File Picture- PM Narendra Modi
Prime Minister Narendra Modi on Monday congratulated Javier Milei on his victory within the Argentina Presidential elections and expressed optimism about enhancing the strategic partnership between India and Argentina.
PM Modi mentioned, “Congratulations @JMilei for the victory in the Presidential elections. Look forward to working closely with you to diversify and expand India-Argentina strategic partnership.”
Congratulations @JMilei for the victory within the Presidential elections. Look ahead to working carefully with you to diversify and develop India-Argentina strategic partnership.
— Narendra Modi (@narendramodi) November 20, 2023
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Milei secured a victory within the Argentina presidential elections by a wider margin than anticipated, clinching 56 per cent of the vote in comparison with his rival, Peronist Economic system Minister Sergio Massa’s simply over 44 per cent, who conceded defeat, reported Reuters.
In a defiant post-results speech, Milei declared an finish to the “model of decadence” however acknowledged the monumental challenges forward, together with inflation, unemployment, and poverty. He emphasised the important state of affairs, stating that half-hearted measures weren’t acceptable.
In downtown Buenos Aires, a whole bunch of Milei supporters celebrated with honking horns and chants towards the political elite. Milei’s promise of financial shock remedy, involving measures like shutting down the central financial institution, abandoning the peso, and vital spending cuts, resonated with voters annoyed by financial struggles.
Milei faces vital hurdles, together with depleted authorities and central financial institution coffers, a considerable $44 billion debt program with the Worldwide Financial Fund, inflation approaching 150 per cent, and complicated capital controls.
Regardless of Milei’s criticism of China and Brazil, expressing reluctance to interact with “communists” and advocating for stronger US ties, Brazilian President Luiz Inacio Lula da Silva prolonged needs for Milei’s success, emphasising the significance of respecting democracy.
Former US President Donald Trump congratulated Milei, endorsing the libertarian chief with the sentiment that he would “make Argentina great again.”
With inputs from businesses