![]() ![]() There is room to annou-nce fresh policies before elections, which can influence voters in a particular direction." Apart from absolute level of growth and inflation, indicators like levels of poverty, farmer suicides, terms of trade for rural India, female foeticide, infant mortality, and government transfers form part of how voters assess their prosp-erity. The challenge is that prosperity differs across voting cohorts. It further says that “incumbency can be a positive if voters are feeling prosperous. ![]() For example, in 2004 when election res-ults were against what market was pricing in (the then NDA government lost) the Sensex fell 17% in a single trading session. ![]() A 40% fall means Sensex could tumble to 43155 level from the high. ![]()
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