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Modi prepares to take oath of office as India's Prime Minister

Published on May 26, 2014 8:29 PM

NEW DELHI (AFP) - Mr Narendra Modi prepared to take the oath of office as India's prime minister on Monday at the start of a new era hailed by his Pakistani counterpart as an opportunity to end decades of regional instability.

Ten days after winning the most powerful mandate for 30 years in a landslide election win, Mr Modi signalled his bold intentions by reportedly cutting a swathe through the ranks of government with a radical cabinet revamp.

And as stocks markets rose at the prospect of a pro-business leader taking the helm of the world's largest democracy, the prime minister of India's nuclear-armed rival gave voice to a widespread sense of optimism.

"It is a great moment and a great opportunity," said Pakistani Prime Minister Nawaz Sharif, who is a guest for the swearing-in of a man with an image of being a hardline Hindu nationalist.

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