Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

A change of guard in India- Modi in, Singh out

Saturday, May 17, 2014 - 02:09

May 17 - Indian Prime Minister Manmohan Singh tenders his resignation ending a ten-year run after Narendra Modi's victory decimates the ruling Congress party and the Nehru-Gandhi dynasty that has largely ruled India since its independence in 1947. Pavithra George reports.

▲ Hide Transcript

View Transcript

A day after the ruling Congress party was ousted at the polls, India's prime minister Manmohan Singh headed to the presidential palace in capital New Delhi, to tender his resignation to President Pranab Mukherjee, ending a decade long tenure, marred by corruption and a floundering economy. The man, once credited with launching India's economic reforms in 1991, now hands the reins over to Narendra Modi - the former tea-seller who led the country's main opposition the Bharatiya Janta Party or the BJP to a landslide election victory. In New Delhi, a hero's welcome for India's next prime minister. As Modi's motorcade inched its way from the airport to the BJP's headquarters in central Delhi, jubilant supporters packed streets, waved party flags and chanting his name. The BJP's stunning win marks the first time in 30 years that India will have a majority, single-party government, ending a long-era of coalition governments that have ruled the world's largest democracy. Which means - unlike Singh, Modi will not have to deal with unruly partners as he implements a new phase of economic reforms. Supporters hope Modi's victory will propel India on to the world stage (SOUNDBITE) (Hindi) A LEADER OF INDIA'S HINDU NATIONALIST BHARATIYA JANATA PARTY (BJP), HARSH VARDHAN, SAYING: "In the coming time the country is going to get back its lost respect and status. It will regain its pride and honor. India has been a world power and again, under the rule of Narendra Modi, the entire country is determined to make our India a world power." Modi's victory earned him an invitation to the White House and a message of congratulations from U.S. President Barack Obama. It's a far warmer reception then the one he received from the Bush administration --- who barred Modi from entering the U.S. because of concerns he didn't do enough to stop an outbreak of anti-Muslim violence in the state of Gujarat when he was chief minister.

A change of guard in India- Modi in, Singh out

Saturday, May 17, 2014 - 02:09

Most Popular »

Money »

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

Dow back to positive territory for year Dow back to positive territory for year

Wed, Aug 13, 2014 - (2:18)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)