India's mammoth general elections are over.
Though official results are yet to be announced, the country is on a high, anticipating a change in government.
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Women display the indelible ink mark on their fingers after casting their votes at a polling station in the last phase of the parliament election at Jaunpur in Uttar Pradesh, India, on May 12, 2014. [Xinhua/Stringer] |
Political analysts predict a clear majority for India's main opposition Bharatiya Janata Party (BJP) being led by 63-year-old controversial Hindu hardline politician Narendra Modi.
"It's a clear majority for the BJP and its allies of National Democratic Alliance. It's victory sill no doubt give the government the necessary support to take measures aimed at boosting economic growth and investment in the country," said Ajay Singh, a Delhi-based expert.
His optimism seemed to be echoed by India's stock market benchmark, the Sensex, which on Tuesday breached a record high of 24,000 points.
"India's economy has slowed down in the last five years, mainly because of the ruling Congress government's policy paralysis. Modi has campaigned on the promises of economic growth amid widespread dissatisfaction over the slowing economy and high inflation," said another expert, S.K. Gupta.
According to the experts, not only investors but also the common people are hopeful that a BJP win could help reverse the slowdown in India's economy, and so, this time Modi stands a fair chance of getting the mandate of running the country for the next five years.
"It was evident last evening when the country's independent Election Commission announced a record voter turnout of more than 66 percent in the general elections. Whenever, the voter turnout is higher, there is greater possibility of voting against incumbent government," said Gupta.
The Congress government failed to create sufficient jobs and got itself entangled in a series of corruption scandals in its last five-year term, such as the Commonwealth Games scam, telecom scandal and coalgate.
"People are fed up with the current Indian government. Everyone wants a change, for the better. More jobs, economic growth are what people want. So, there has been voting for the BJP significantly this time and it is set to win the polls," R. Bose of Delhi University.
Even exit polls released by Indian media organizations Monday evening showed that the BJP-led National Democratic Alliance well ahead in terms of predicted seat wins, and the governing Congress trailing badly.
"Exit polls are notoriously inaccurate in India, partly because of the size and complexity of the electorate - in the last two elections, they were inaccurate. But, this time, they will prove critics wrong," said Singh.
The results of the general elections, which began on April 7 and ended on May 12, will be announced on May 16.
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