Abstract. In the spring of 2024, India held national elections. The ruling coalition (the National Democratic Alliance, NDA) led by the Bharatiya Janata Party (BJP), was opposed by the INDIA bloc of parties, formed around the country’s oldest political force, the Indian National Congress (INC). The NDA leadership had hoped to gain an absolute majority in the Lok Sabha, but the alliance barely managed to get ahead of it’s the opposing bloc. This prompted INDIA leaders to declare «the end of the BJP era». However, in the regional elections in the following months, the ruling party and its allies managed to gather strength, revise their strategy, and to win a number of convincing victories in the key states. This was facilitated by the maintenance of relatively high rates of GDP growth. At the same time, not a single one of the structural problems of the Indian economy was solved. In external policy, India has successfully developed and diversified ties with regional and global power centers, and has also attempted to act as a peacemaker in the Ukrainian conflict.