This election has remained one of the most dramatic in recent time. There was constant swing of the mood of voters, at least most of the media showed in that way. The market also moved as pendulum and was following the general sentiment of voters which was being presented by media and misrepresented by the political analysts - as most of them were fully biased in their approach, views, comments and attitudes. And the great Social Media was augmenting all this. As a result, all of this was reflected in the movement of the equity indices that saw a wide volatility.
Nonetheless, now election result is out. And it has once againsolidified the ruling party's majority. The political landscape in India now takes on a sense of continuity. This continuity bodes well for policy stability and the nation’s development trajectory. The reaffirmation of the ruling party’s mandate signals a resolute path forward, ensuring that key economic policies and initiatives remain on course.
A Better Performance
The BhartiyaJanata Paty’s manifesto, under the banner of ‘Viksit Bharat’ or ‘Developed India,’ lays out an ambitious vision for transforming India into a developed economy by 2047, coinciding with the nation’s centenary of independence. This plan aims to elevate India to the position of the third-largest economy globally, showcasing a commitment to sustained and inclusive growth.
This story is from the June 2024 edition of Indian Economy & Market.
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This story is from the June 2024 edition of Indian Economy & Market.
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