Election results will be out on 16th may. Chances of UPA gaining majority with straitegic alliances are high. BJP may face trouble due to various reasons like projecting a less popular leader as PM, Not fulfillment of promises given in NDA era , etc.
Effect on Economy : If UPA or NDA will come to power , Sensex may move upwards in hope of a stable government. But if 3rd or 4th(!!!) front comes to power,then only God can save this country.
The good signs on indian economy are getting visible now due to increasing domestic demand. I think the obama's proposed tax on US companies which are offshoring the work will change the way indian IT companies are working. Now they will go to the last mile in INDIA itself for getting IT projects and they will come out of 5 star luxury of silicon velly. Lets hope for the best.
Jai Ho...
Thursday, May 7, 2009
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