An economist at SBI, Soumya Kanti Ghosh, dismissed concerns about low voter turnout in the first two phases of the 2024 general elections, labeling them as a "myth." He suggested that analyzing the absolute number of votes cast provides a better measure of turnout. Ghosh noted a 0.4 percent increase in the absolute number of votes cast in the initial phases. While acknowledging a 3.1 percentage point deviation from the 2019 voting trend, Ghosh predicted a potential "J-shaped" growth in the remaining phases.
India News: MUMBAI: Terming concerns on low voter turnout in the first two phases of 2024 general elections a "myth", an economist at the country's largest lender.
Congress President Malikarjun Kharge extended condolences over the death of personnel of the Indian Air Force in a terrorist attack in Jammu and Kashmir’s Poonch district. - Newsx
Ace investor Shankar Sharma has forecasted that if the incumbent government (BJP) comes back to power for a third term in the ongoing General elections 2024, there will no be major market movement.
With the 2024 general elections in India ongoing, investors are preparing for market volatility as Prime Minister Narendra Modi seeks a third term. Analysts suggest different strategies, from increasing equity exposure to adding gold and long-tenure debt to portfolios.