What Do Election Results Mean For Indian Economy?

Even as the counting of votes for the five state elections is underway, with the BJP emerging as the leading party in three states (West Bengal, Assam and Puducherry), market experts said the election outcome could boost the country’s gross domestic product (GDP) by 50 basis points (bps).

Counting of votes is underway in West Bengal, Tamil Nadu, Kerala and Assam, along with the Union Territory of Puducherry. Trends suggest that the BJP is leading in West Bengal, Assam and Puducherry.

BIU