Indian General Elections 2014

[deadley]

Modi still going to win?

Yes. However, it is doubtful whether the NDA will get an absolute majority or not. There are some 60-70% chances for it. However, if the results are bad, then they might have to seek support from parties such as BJD and AIADMK.

I dont like Modi, But still I know there is very high chances Modi will be Next PM of India.

[bryant.coleman]

I dont like Modi, But still I know there is very high chances Modi will be Next PM of India.

He is a divisive and polarizing figure. And he has caught the attention from the world leaders as well. He is regarded as anti-US and pro-Russia. But the Americans have tried to appease him by removing Madeleine Albright.

[deadley]

I dont like Modi, But still I know there is very high chances Modi will be Next PM of India.

He is a divisive and polarizing figure. And he has caught the attention from the world leaders as well. He is regarded as anti-US and pro-Russia. But the Americans have tried to appease him by removing Madeleine Albright.

yes Its true, Modi Campaign is really very effective thats the reason whole world following Indian General Election and even Financial world very positive about Modi.

[bryant.coleman]

yes Its true, Modi Campaign is really very effective thats the reason whole world following Indian General Election and even Financial world very positive about Modi.

Markets are positive about Modi, because he is a right-wing leader, with a conservative economic agenda, unlike the current Indian government, which is led by the extreme-leftists and socialists. If he becomes the PM, then tax rates will come down, which will help the industrial growth. The 5-year reign of UPA-2 was one of the worst periods of economic stagnation in the Indian history. Income Tax / Corporate tax / VAT rates are at all time high, and common people are finding less and less disposable income in their pockets.

[counter]

So a little regime change but more of the same with minor differences. 

[deadley]

yes Its true, Modi Campaign is really very effective thats the reason whole world following Indian General Election and even Financial world very positive about Modi.

Markets are positive about Modi, because he is a right-wing leader, with a conservative economic agenda, unlike the current Indian government, which is led by the extreme-leftists and socialists. If he becomes the PM, then tax rates will come down, which will help the industrial growth. The 5-year reign of UPA-2 was one of the worst periods of economic stagnation in the Indian history. Income Tax / Corporate tax / VAT rates are at all time high, and common people are finding less and less disposable income in their pockets.

I dont think there will be huge difference. Indian policies almost same for all Parties doesnt matter its Congress or BJP

[Sindelar1938]

I don't know, think Modi would do things very differently
Not business as usual

[TrailingComet]

Modi is a complex guy, think India will be governed differently under him

[bryant.coleman]

I dont think there will be huge difference. Indian policies almost same for all Parties doesnt matter its Congress or BJP

There will be huge difference. Do you want to say that the right-wing and left-wing parties might be having the same economic policies? I have also read the respective manifestos of the two major parties. This is what I could understand:

1. BJP: Will reduce taxes. Will eliminate freebies. No special treatment to anyone.
2. INC: Will increase taxes. Will encourage freebies. Special treatment to minorities in the form of loans and grants.

Check yourself:

http://www.bjp.org/manifesto2014
http://inc.in/manifesto/

[bryant.coleman]

lol... Indian beef exports will be under threat if BJP comes to power.

India's elections spark debate on beef exports

http://www.bbc.com/news/business-27251802

For now, India's laws banning the slaughter of cows and making it tough for restaurants to serve beef do not seem to be holding back the market too much. But there is an anxiety that if the BJP comes to power - and if it stands by its anti-beef manifesto - then the industry in India risks losing some of its shine.

[deadley]

I dont think there will be huge difference. Indian policies almost same for all Parties doesnt matter its Congress or BJP

There will be huge difference. Do you want to say that the right-wing and left-wing parties might be having the same economic policies? I have also read the respective manifestos of the two major parties. This is what I could understand:

1. BJP: Will reduce taxes. Will eliminate freebies. No special treatment to anyone.
2. INC: Will increase taxes. Will encourage freebies. Special treatment to minorities in the form of loans and grants.

Check yourself:

http://www.bjp.org/manifesto2014
http://inc.in/manifesto/

lol, it was congress who tried to stopped freebies like reducin Gas Cylinder with subsidies, remove subsidies from Petrol, removing subsidies in diesel in process and that is the main reason they are facing so much problem, Indian politics is really different becoz now mostly No party will be in full power they need support from others small parties so if BJP will start removing freebies they will face same problem like congress faced.

[TrailingComet]

what is the view now on how many seats Modi is going to end up with?
seems like the euphoria has faded a little

[deadley]

what is the view now on how many seats Modi is going to end up with?
seems like the euphoria has faded a little

most probably BJP get like 200 saeats and other alliance 50 so they need 1 more ally and most probably it will be AIDMK Jayalalitha her party will get around 30 seats. then it become NDA Government.

[TrailingComet]

I was under the impression that the AIADMK has not aligned itself at the centre
So they might go with the BJP?

[deadley]

I was under the impression that the AIADMK has not aligned itself at the centre
So they might go with the BJP?

they did not joined NDA coz of Muslim Votes, if AIDMK did formed pre -poll alliance then Muslim wont vote for AIDMK coz of Modi. thats why AIDMK will join NDA after election so they wont face any problem.

[bryant.coleman]

lol, it was congress who tried to stopped freebies like reducin Gas Cylinder with subsidies, remove subsidies from Petrol, removing subsidies in diesel in process and that is the main reason they are facing so much problem, Indian politics is really different becoz now mostly No party will be in full power they need support from others small parties so if BJP will start removing freebies they will face same problem like congress faced.

Removed subsidies from petrol and diesel? The Congress fooled people by increasing the import duty on petrol and diesel. Petrol in India is one of the most expensive in the entire Asian region, even when around 30% of it is mined in India itself. There is no subsidy on petrol in India. Indians on average pay almost 50% more than the international price.

what is the view now on how many seats Modi is going to end up with?
seems like the euphoria has faded a little

NDA around 275-300, with BJP at 225-250.

[deadley]

lol, it was congress who tried to stopped freebies like reducin Gas Cylinder with subsidies, remove subsidies from Petrol, removing subsidies in diesel in process and that is the main reason they are facing so much problem, Indian politics is really different becoz now mostly No party will be in full power they need support from others small parties so if BJP will start removing freebies they will face same problem like congress faced.

Removed subsidies from petrol and diesel? The Congress fooled people by increasing the import duty on petrol and diesel. Petrol in India is one of the most expensive in the entire Asian region, even when around 30% of it is mined in India itself. There is no subsidy on petrol in India. Indians on average pay almost 50% more than the international price.


 

I know taxes on Petrol very high, but when BJP came to power 1998-2004 they also did not touch taxes that time also so how you can believe this time they will reduce taxes, even in Gujarat taxes on petrol very high.

[bryant.coleman]

I know taxes on Petrol very high, but when BJP came to power 1998-2004 they also did not touch taxes that time also so how you can believe this time they will reduce taxes, even in Gujarat taxes on petrol very high.

When BJP left power in 2004, the taxes were not this high. After 2004, the taxes were increased half-a-dozen times by the Congress (especially during the UPA-1).

Why talk only about Gujarat? What about Goa? Goa is a state ruled by BJP and petrol there costs just 59.25 Rs/Ltr, compared to 71.45 Rs/Ltr in Delhi.

[deadley]

I know taxes on Petrol very high, but when BJP came to power 1998-2004 they also did not touch taxes that time also so how you can believe this time they will reduce taxes, even in Gujarat taxes on petrol very high.

When BJP left power in 2004, the taxes were not this high. After 2004, the taxes were increased half-a-dozen times by the Congress (especially during the UPA-1).

Why talk only about Gujarat? What about Goa? Goa is a state ruled by BJP and petrol there costs just 59.25 Rs/Ltr, compared to 71.45 Rs/Ltr in Delhi.

Becoz Modi is CM of Gujarat not Goa, and Goa is famous for tourism thats why they can afford no state taxes in petrol, but not other states, I know taxes is really high it must be drop atleast 50%.

[bryant.coleman]

Becoz Modi is CM of Gujarat not Goa, and Goa is famous for tourism thats why they can afford no state taxes in petrol, but not other states, I know taxes is really high it must be drop atleast 50%.

Well.. when Congress was in power, petrol in Goa was costing Rs. 70 / Lr (until 2011), even though Goa was famous for tourism back then also. BJP came to power and suddenly the price dropped to Rs. 59 / Lr. Can you give me any example of Congress reducing rates after getting in to power?