Indian Prime Minister Narendra Modi is set to secure a historic third term, leaving his critics and opposition pondering if stopping at two would have been more judicious. Despite the victory, this chapter in Indian politics is far from over, and it's as enthralling as a Bollywood blockbuster.

While Modi is celebrating his hat-trick, his Bharatiya Janata Party (BJP) has notched its first hiccup in a decade by losing its outright majority in parliament (Sky, USA Today). Modi's response? Forming a coalition government—a move akin to herding cats, but with more political wrangling.

To maintain control, Modi will partner with the National Democratic Alliance (NDA), securing a slim yet sufficient majority with 289 seats out of 542. The coalition has garnered 51% of the seats in congress (Sky), keeping Modi in the driver's seat, although this figure doesn't constitute 51% of the seats.

Financial markets, ever the emotional rollercoasters, reacted predictably. The Indian stock market plunged by 6% post-election, presumably because uncertainty is their ultimate bogeyman. The election, however, did see democracy flexing its muscles with about 970 million eligible voters participating, achieving a 66% average turnout rate.

Congress party leader Rahul Gandhi wasted no time weighing in, stating that the results demonstrate the nation’s desire to move away from Modi and BJP (Sky). In simpler terms, the opposition suggests that the Modi parade might consider packing it up—though it’s clear this is a parade not quite ready to roll out just yet.

Concerns have been raised about the potential uncertainty in policymaking, due to the necessity of coalition partnerships (NY Post). It's almost like managing a team of rivals, each with their own agenda. Despite these concerns, India under Modi has witnessed remarkable economic growth and has emerged as a significant global power (Sky, USA Today).

Modi is only the second prime minister after Jawaharlal Nehru to win three consecutive terms (USA Today). His tenure has been marked by significant economic development but also by polarization along religious and economic lines (Sky).

As Modi revels in his historical victory, the opposition jested that perhaps he should have called it quits after two terms. With the road ahead full of potential challenges and intricate coalition dynamics, one thing is certain: the political drama of Modi's leadership is far from over. If anything, it's just gearing up for its next season.