Index Investing News
Wednesday, May 14, 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

Lastly, a ‘stunning’ Trump tariff transfer? –
Las Vegas Solar Information

Lastly, a ‘stunning’ Trump tariff transfer? – Las Vegas Solar Information

by Index Investing News
May 14, 2025
0

Wednesday, Could 14, 2025 | 2 a.m. “What the hell?” That was the query posed on the high of her...

Trump accepting monetary presents from Qatar is without doubt one of the some ways he can damage his legacy

Trump accepting monetary presents from Qatar is without doubt one of the some ways he can damage his legacy

by Index Investing News
May 14, 2025
0

Through the years, quite a few research, speeches and books have centered on a phenomenon often known as self-sabotage. The...

The time is correct for a reset of India’s commerce ties with China

The time is correct for a reset of India’s commerce ties with China

by Index Investing News
May 14, 2025
0

The previous few days have seen notable shifts of geopolitical and commerce significance. Prime Minister Narendra Modi has reset pink...

The Deep State Goes Viral – FREEDOMBUNKER

The Deep State Goes Viral – FREEDOMBUNKER

by Index Investing News
May 13, 2025
0

Through The Brownstone Institute,The next is Jeffrey Tucker’s Foreword introduction to Debbie Lerman’s new e book, The Deep State Goes Viral:...

South Africa’s actual disaster: Mr President, it’s time for a household assembly

South Africa’s actual disaster: Mr President, it’s time for a household assembly

by Index Investing News
May 14, 2025
0

South Africa is standing at a essential crossroads.The latest headlines have been dominated by the outcry over just a few...

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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

How Ought to DeFi Be Taxed? The U.Ok. Authorities Desires to Know

How Ought to DeFi Be Taxed? The U.Ok. Authorities Desires to Know

July 5, 2022
Paul Collingwood admits England outperformed in Hamilton

Paul Collingwood admits England outperformed in Hamilton

December 15, 2024
Must Pay Taxes on Crypto? TurboTax Can Assist

Must Pay Taxes on Crypto? TurboTax Can Assist

March 16, 2022
Blue states fighting back against red states threatening to criminalize out-of-state abortions

Blue states fighting back against red states threatening to criminalize out-of-state abortions

August 14, 2023
Officer had probability to fireplace on gunman in Uvalde, Texas, college capturing, new report says

Officer had probability to fireplace on gunman in Uvalde, Texas, college capturing, new report says

July 7, 2022
IND vs NZ ICC World Cup Head-to-Head: India vs New Zealand in ICC 50-over World Cup matches so far

IND vs NZ ICC World Cup Head-to-Head: India vs New Zealand in ICC 50-over World Cup matches so far

October 23, 2023
Javier Milei taunts economists as Argentina’s peso defies predictions of sharp fall

Javier Milei taunts economists as Argentina’s peso defies predictions of sharp fall

April 25, 2025
Elon Musk Warns Against Margin Debt on Risk of Market ‘Mass Panic’

Elon Musk Warns Against Margin Debt on Risk of Market ‘Mass Panic’

December 25, 2022
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