India’s elections: Smaller parties will shine but the economy may suffer; Large number of criminals expected to be elected
Apr 24th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Indians voted Thursday, the second of five voting days, in the world's biggest democracy with an electorate of 714 million. The result of India's month-long national elections will be announced on May 16th for the 543-seat parliament, the Lok Sabha. Rachna Saxena of Deutsche Bank Research comments that this is the year of the small party. Although coalition politics have long been the norm in India, Congress and BJP have often been the power-brokers. Their dominance is currently being tested by the new strength of regional and ethnic parties. In 2004, 128 of the winners had faced criminal charges, including 84 cases of murder, 17 cases of robbery and 28 cases of theft and extortion. A large number of criminals are expected to be elected again.