financetom
News
financetom
/
News
/
Anti-incumbency in Karnataka assembly elections unseen since 1989, says expert
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Anti-incumbency in Karnataka assembly elections unseen since 1989, says expert
May 5, 2023 10:56 AM

The southern Indian state of Karnataka is set to hold its assembly elections, and two pre-poll surveys predict a majority for the Congress. The surveys by ABP C-Voter and Eedina show the Bharatiya Janata Party (BJP) losing its hold on power, with the Congress gaining ground.

The ABP C-Voter opinion poll predicts the BJP will win just 74 to 86 seats, down from 116 in the outgoing assembly, while the Congress is expected to win 107 to 119 seats, up from just 69 in the outgoing assembly. The Eedina poll shows similar numbers, with the Congress winning well above the 50 percent mark of 112 seats and the BJP getting about half of the 116 seats it won in the last assembly.

Speaking to CNBC-TV18, Narayana A, Professor at Azim Premji University, noted that the kind of anti-incumbency visible on the ground has not been seen since 1989. He believes that any government facing this level of anti-incumbency is unlikely to come back to power in Karnataka unless something drastically changes. According to him, the current situation does not favor the BJP, and surveys that predict a higher number of seats for the Congress may be considered more reliable at this point in time.

"The kind of anti-incumbency that is visible on the ground this time is something which has never been seen after 1989. Any government facing this kind of anti-incumbency is very unlikely to come back to power in Karnataka unless something drastically changes. Currently I don't see anything drastically changing in favour of the BJP. Therefore surveys which have given slightly higher number to Congress may be considered as more reliable at this point in time," Narayana said.

AK Bhattacharya, the Editorial Director of Business Standard, also commented on the significance of the Karnataka elections. He said that the elections are an important event in India's festival of democracy and that a win for the Congress and its coalition partners would have an impact on the national mood as far as politics is concerned.

Also Read: In Karnataka, PM Modi says Congress opposing 'The Kerala Story' as it is 'standing with terror tendencies'

The Karnataka assembly elections are being closely watched as they could have implications for national politics. A loss in Karnataka could dent the BJP's image and embolden the opposition parties.

The Karnataka assembly elections are also important because of the state's economic and cultural significance. Karnataka is a major technology hub in India, with Bangalore being home to several IT giants. The state is also known for its rich cultural heritage, with several historical sites and monuments.

Watch video for entire discussion.

First Published:May 5, 2023 7:56 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US dollar heads for fresh weekly profit
US dollar heads for fresh weekly profit
Oct 26, 2024
The US dollar rose in European trade on Friday against a basket of major rivals, resuming gains after a short hiatus, and approaching three-month highs once more. The gains come amid a surge in US 10-year treasury yields after bullish remarks from some Fed officials, and strong US data, which hurt the odds of an aggressive pace for US interest...
Yen skids to three-month low as the gap in treasury yields widens
Yen skids to three-month low as the gap in treasury yields widens
Oct 26, 2024
The yen fell in European trade on Wednesday against a basket of major rivals, sharpening the losses for the third straight session against the US dollar and hitting three-month lows amid concerns about a wider US-Japan gap in government treasury yields. Recent bearish remarks from Japanese officials hurt the odds of a third BOJ interest rate hike this year, while...
Euro rebounds ahead of major eurozone data
Euro rebounds ahead of major eurozone data
Oct 27, 2024
The euro rose in European trade on Thursday against a basket of major rivals after a wave of losses across three sessions, with the euro eventually settling above 3-⅕ month lows against the US dollar. It comes ahead of major data on the eurozone sectors later today, which would shed important light on the health of the European economy in...
Yen skids to three-month trough as Japanese governing coalition loses majority
Yen skids to three-month trough as Japanese governing coalition loses majority
Oct 28, 2024
The Japanese yen skidded in Asian trade on Monday to three-month lows against the US dollar, after the election loss by the current Japanese parliamentary governing coalition, which could impede future interest rate hikes by the Bank of Japan. The yen is also pressured by a surge in US 10-year treasury yields, amid speculation about a cautious stance by the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved