"We all want new India," he said in a victory speech to the supporters of the Bharatiya Janata Party, "I want to turn my head and say thank you."
BJP is expected to get about 300 of the 543 seats in parliament.
Is likely to get a larger share of the vote than the 2014 election.
The main opposition alliance, led by the Congress Party, Rahul Gandhi, admitted defeat.
The general election was widely seen as a referendum on the Hindu nationalist politics of the prime minister, and victory was achieved despite rising unemployment, fears of recession and falling industrial production.
What are the results so far?
The partial and announced results show that Mr Moody BJP is expected to win 300 seats on his own, bringing together about 350 seats with party allies.
In 2014, BJP won 282 seats - the largest victory by any party in 30 years - and its allies secured 336 seats in that parliament.
Congress, which won only 44 seats, suffered its worst defeat in 2014 and has only 60 seats in the House of Representatives.
More than 600 million people voted in a six-week marathon, which included seven rounds of voting.
What did Moody say?
The 68-year-old prime minister was full of rose petals by thousands of supporters when he arrived at Bharatiya Janata Party headquarters Thursday night.
"These elections were not fought by politicians but by the people of this country - but it was the people of this country who won," Moody told his supporters in Delhi.
The main opposition Congress party is expected to win by less than 60.
The party or coalition needs at least 272 seats to secure a majority in the 543-member parliament, or Lok Sabha.
Narendra Modi made this election all about himself.
He had to face some hostile feelings. The unemployment rate has risen to a record level, farm incomes have fallen and industrial production has fallen.
Many Indians were strongly influenced by the currency ban (also known as demonization), which was designed to eliminate undeclared wealth, and there were complaints about what critics said was a poorly designed and complex uniform sales tax.
The results prove that people do not blame Mr. Moody for that.
A combination of nationalistic rhetoric, hidden religious polarization and a large number of social welfare programs helped Mr Moody win a second successive win. National security has also been extracted as a vote-holder in an unprecedented manner in the general elections of modern history.
"Everything is okay if there is little development, but Moody keeps the nation safe and keeps India's head high," a voter in the eastern city of Kolkata told me.
Mr. Moody is a strong man, and people may love him for that.
Moody recreates Indian politics
What reaction was there?
At a news conference held in Delhi, Congress leader Rahul Gandhi acknowledged the general election as well as his seat in Amethi in Uttar Pradesh, which he held since 2004 and held his family for decades.
But he will remain in parliament as he competes and wins another seat - and Yanad in Kerala.
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