Reported 6 months ago
As the Indian election results approach, Prime Minister Narendra Modi's goal of securing over 400 seats for his coalition seems uncertain as opposition parties gain momentum. Analysts and insiders suggest there is no clear "Modi wave" this time around, contrasting with the BJP's landslide victory in 2019. While both ruling party and opposition claim the upper hand, market volatility has increased with speculations on potential outcomes. The opposition is more optimistic about its gains, while the BJP, while still expected to win a majority, may not match its previous performance. Factors contributing to the BJP's potential decline in support include issues like job creation, welfare schemes, and concerns about affirmative action policies. Uttar Pradesh, a key state, shows signs of a more competitive race, with the opposition alliance challenging the BJP's dominance. Overall, uncertainty looms over the election outcome, with analysts predicting a possible BJP victory but with a reduced margin.
Source: YAHOO