The general elections were held in India, the world’s second most populous country, in the last six weeks where nearly 500 million people were eligible to vote. All the leading news channels and daily newspapers conducted opinion polls and exit polls in an exhaustive manner, and predicted a hung parliament.
But the actual results which were announced few days back, were a total surprise with the Congress Party getting closer to the majority mark. The Congress party has been able to reach the magic majority mark of 274 seats, with the support of handful of friendly parties. More importantly , the Communist parties have been left out of the government by the Congress party.
Now the whole world is expecting the Congress party to provide a stable government , and carry on the reforms without any hassle.
During the election campaign, the Congress party had claimed that their policy of keeping the banking sector dominantly under public sector, is what has saved the country from the global financial meltdown. If the party were to consider the claim seriously, post elections, then financial sector reforms might be delayed further indefinitely, which is not good for the economy.