Index Investing News
Sunday, November 23, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Mint Explainer: What does Erdogan’s win mean for India and the world?

by Index Investing News
May 29, 2023
in Opinion
Reading Time: 5 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


Recep Tayyip Erdogan is set to extend his two-decade tenure as Turkey’s leader after winning a presidential election run-off on Sunday. Erdogan defeated Kemal Kilicdaroglu, who emerged as a consensus candidate for six opposition parties. Mint breaks down the significance of his win.

  • Turkey’s President Erdogan, who has led the country since 2003, won a run-off election against former civil servant Kilicdaroglu on Sunday. According to the country’s Supreme Election Council, Erdogan won 52.1% of the votes while his opponent secured 47.9%.
  • Erdogan was forced into a runoff election earlier this month after he failed to secure over 50% of the vote in the first round of the polls. In 2018, he won election in the first round.
  • This time around, Erdogan defied poll predictions to defeat his opponent with surprising ease. While he was forced into a run-off, he maintained his support among conservative voters. Experts pointed out that Erdogan’s final vote tally of 52.1% was close to the share he secured in 2018, pointing to the durability of his support.
  • Going into the election, Erdogan’s administration had made some very public mistakes. Its mishandling of the response to the earthquakes in February and the ongoing inflation crisis had caused some of his support to erode. There have also been concerns about the rise of authoritarianism in the country.
  • Six of Turkey’s opposition parties united behind Kilicdaroglu in the hopes that he would be able to topple Erdogan. However, that proved a bridge too far. As news of the result broke, global leaders including US President Joe Biden, French President Emmanuel Macron and Indian Prime Minister Narendra Modi congratulated Erdogan.
  • “The most urgent issue of the coming days is to eliminate the problems arising from the price increases caused by inflation and to compensate for welfare losses,” said Erdogan after his victory. His most pressing challenges will be domestic – tackling the economic crisis, strengthening the weakening currency, and rebuilding parts of the country hit by earthquakes.
  • Erdogan is also likely to continue his country’s close relationship with Russia, which makes him unique among NATO leaders. He has also clashed with Western powers over Sweden’s entry into NATO, which Turkey is currently blocking. Erdogan has demanded that Sweden extradite individuals that Ankara believes are terrorists.
  • Erdogan’s policy on Kashmir, meanwhile, has caused tensions to flare up between India and Turkey. The Turkish president has repeatedly criticised India’s policy in Kashmir, particularly after the removal of the state’s special status in 2019. However, the countries recently moved towards a tentative rapprochement. Erdogan and Modi met on the sidelines of the SCO Summit in 2022, in what some thought was a sign of improving ties.
  • As Turkey’s economic situation deteriorates, it may seek closer ties with India. However, its longstanding support for Pakistan’s position on Kashmir is unlikely to change significantly.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Updated: 29 May 2023, 01:08 PM IST

Topics



Source link

Tags: ErdogansExplainerIndiaMintWinWorld
ShareTweetShareShare
Previous Post

Aston Villa “Confident” Of Signing £40k-A-Week PL Man

Next Post

Blockchain Network Fantom Now Pays 15% of FTM Token Fees Back to Eligible Projects

Related Posts

Miranda Devine: Hochul’s colossal 3M present to far-left teams reveals she’s simply ‘one other Defund the Police Dem’

Miranda Devine: Hochul’s colossal $113M present to far-left teams reveals she’s simply ‘one other Defund the Police Dem’

by Index Investing News
November 20, 2025
0

Gov. Hochul has spent $66 million of taxpayer cash on grants to radical left-wing teams that conduct overt political operations...

Lacking ladies within the assemblies, Parliament

Lacking ladies within the assemblies, Parliament

by Index Investing News
November 16, 2025
0

The headlines eulogised ladies’s empowerment whereas political events rushed to say credit score for a protracted overdue Invoice that earmarked...

How financial logic is driving college students’ topic decisions—And why the humanities are dropping out

How financial logic is driving college students’ topic decisions—And why the humanities are dropping out

by Index Investing News
November 12, 2025
0

College students enrolled in India’s increased schooling system elevated 26.5% since 2014-15 to 4.33 crore, in accordance with the All...

He Simply Needs Large Authorities Subsidies – FREEDOMBUNKER

He Simply Needs Large Authorities Subsidies – FREEDOMBUNKER

by Index Investing News
November 8, 2025
0

About one month in the past, when the Magazine 7 shares had been screaming greater each day with out a...

Many on the suitable nonetheless aren’t shopping for tariff coverage –
Las Vegas Solar Information

Many on the suitable nonetheless aren’t shopping for tariff coverage – Las Vegas Solar Information

by Index Investing News
November 4, 2025
0

Tuesday, Nov. 4, 2025 | 2 a.m. Lengthy earlier than Donald “Tariff Man” Trump rode down the golden escalator and...

Next Post
Blockchain Network Fantom Now Pays 15% of FTM Token Fees Back to Eligible Projects

Blockchain Network Fantom Now Pays 15% of FTM Token Fees Back to Eligible Projects

Veteran suicides spark actor’s passion project

Veteran suicides spark actor’s passion project

RECOMMENDED

Brazil’s Luis Inacio Lula da Silva defeats Bolsonaro to win presidency again in stunning comeback

Brazil’s Luis Inacio Lula da Silva defeats Bolsonaro to win presidency again in stunning comeback

October 31, 2022
Jimmy Kimmel, More Late Night Hosts Weigh In On End Of Actors Strike – Deadline

Jimmy Kimmel, More Late Night Hosts Weigh In On End Of Actors Strike – Deadline

November 10, 2023
Why Younger Thug and Gunna’s rap lyrics would possibly land them in jail

Why Younger Thug and Gunna’s rap lyrics would possibly land them in jail

August 27, 2022
2 males gored whereas operating with bulls at Pamplona pageant

2 males gored whereas operating with bulls at Pamplona pageant

July 9, 2022
Culp, Inc. (CULP) CEO Iv Culp on This autumn 2022 Outcomes – Earnings Name Transcript

Culp, Inc. (CULP) CEO Iv Culp on This autumn 2022 Outcomes – Earnings Name Transcript

June 30, 2022
A look at the races shaping up in the 2023 Pa. election

A look at the races shaping up in the 2023 Pa. election

January 5, 2023
Zelenskyy seeks peace regardless of atrocities

Zelenskyy seeks peace regardless of atrocities

April 9, 2022
No leniency for animal cruelty

No leniency for animal cruelty

March 20, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In