All the newspapers and TV channels were having thier own views on which party will get elected (majority were saying BJP including people with least political knowledge)
Somewhere the '400 paar slogan' got backfired as people were thinking if Modi is already getting a good support why not support other parties and give them a chance?
NIFTY touched above 23000 on 3rd June and fell by 1300+ points (it was 1900 in the afternoon of the results declaration)
As a research analyst or a finance professional you should have a good knowledge about political aspects and their internal settings for stock analysis.
In this article, we’ll cover why BJP fell down so badly and what lies ahead in the next annual budget (in July 2024) with opposition ministers appointment.
Various arguments against BJP from Maharashtra:
- Shifting of major stock exchanges to Gujarat
- Major focus on Gujarat and it’s infrastructure development
- Least focus on academics of higher studies and primary education with scholarship facilities
- Breaking political parties and ignored the unsolved issues against farmers, climatic changes, single window clearance, etc.
Other arguments from different states:
- Electoral bonds flowing of thousands of crores of funds through unknown companies
- Major projects and contracts given to Adani & Ambani (without giving chance to other private companies)
- 18% tax on education and even on online education where there’s least expense involved of vendors
- No support for placements of competitive exam students of SSC CGL, Railway and other govt. exams. Eliminating the vacancies without pre-informing and playing with students lives during critical lockdown period.
- No single window clearance for startups and under the table GST registration fee.
- In last elections at WestBengal & other states, political campaigns were considered more important than announcing lockdown where COVID cases touched above 1,00,000
- No relief to JEE & NEET students during COVID (no reschedule of exam was provided when majority students weren’t well)
- Distributing money to regional political leaders to enter in BJP (to form a good candidates strength)
The RamPrathishta didn’t affect the election results anyway. Even from UP BJP didn’t get support. People of India can’t be taken from granted especially the youth who’s capable to make the wise decision for him/her.
The Adani, Reliance and other Modi favourable stocks will have a little worry in the ‘Mahavikas Agadi Sarkar’ ruling environment. People needed a change in the govt. to give a shock to BJP to stay in control.
There was so much noise on the internet with ads and social media showing the loopholes of each other parties and what better one has done than another. It is easy for least focused people to get distracted in this noise and give vote to a wrong party.
Final Conclusion: JDU and TDP will demand atleast one ministry to have a good control and expected to make the necessary changes.
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