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Javier Milei Wins Argentina Presidential Election

Javier Milei Wins Argentina Presidential Election:

The Prime Minister of India congratulated Javier Milei for winning Argentina’s presidential election and emphasized diversifying and expanding India-Argentina’s strategic partnership.

  • India‐Argentina relations were elevated to the level of Strategic Partnership in February 2019.
  • India is the 4th largest trading partner of Argentina, with bilateral trade touching a historic peak of USD 6.4 billion in 2022, recording a growth rate of 12% over 2021.
  • Libertarian outsider Javier Milei pulled off a massive upset on Sunday with a resounding win in Argentina’s presidential election, a stinging rebuke of the traditional parties that have overseen decades of economic decline.
  • The political newcomer surged from obscurity to oust the long-dominant Peronist coalition and its candidate Sergio Massa, who as Economy Minister has overseen inflation of 143 percent and record poverty levels.
  • Mr. Massa conceded defeat as provision results showed Milei had won with 56 percent of the vote to his 44 percent, with almost 90 percent of votes counted.