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Back Indian Election: Why the Ruling Coalition Suffered a Surprise Setback and What It Means for Investors

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Indian Election: Why the Ruling Coalition Suffered a Surprise Setback and What It Means for Investors

15 mins.
05 JUNE, 2024
ANALYSTS:
Björn Beam
Ya-lan Liu, CFA
CATEGORIES:
Politics India AER Global
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The 2024 general elections registered a record number of 642 million voters, a significantly higher-than-expected participation rate of 67% despite extreme temperatures around 50 degrees Celsius. The surprise election results have shocked financial markets, with some analysts describing them as 'a political earthquake’. Will India’s economic growth trajectory be derailed? We provide a fairly comprehensive overview of what happened and what to expect next on both the domestic and international stage.

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