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Domestically, Modi’s popularity represents the consolidation of Hindu nationalism as the new dominant ideology of India—a completely different policy from the India of the past and the vision of Nehru. [...] Changes in the “power ministries” (such as defense and the security services) raise the question whether the new leaders would be more aggressive or more concerned about the costs of the war. [...] Instead, it is essential to understand what the principal topic of the 6 election will be, as 85 percent of the time, the candidate stronger on the principal issue wins. [...] Outside the US, business leaders have a great deal of concern over the US election: what will it mean systemically for democracy and sectorally for the economy (for instance, on climate change) if policies change? For the global economy, however, the election in Taiwan may have been the most important of the year, given the sharply negative implications for business in the event of conflict across. [...] The optimistic view in this year of elections is that free and fair elections will prevail, strengthening global democracy; the pessimistic view points to the rise of populism and the disparagement of facts and truth in an age of disinformation.