Indian election and outcome

The Indian election saga has come to an end. The elections are significant for many sects of people, farmers, students, businesses and not to forget the politicians.

Talking about the Indian elections this time, crores and crores of Indian Rupees have been sent for election campaigning by the politicians which amounted to 50,000 crore this time. Not only the big spenders this time are the major national parties like BJP and Congress but also the smaller ones like RJD, SP which were ambitious enough to dream of alternate governments. There have been instances of parties giving away tickets to the opulent solely for campaigning money collections. The expenditure of the parties per candidates would be approximately 5-10 crores which happens to be much beyond the expenditure specified by the Election Commission of 15-20 lacks.

This is certainly unacceptable fact about the grand Indian elections. Thinking of what can be achieved in the 50,000 crores for the countries would bring relief to much needed poor people of this country. This is also a way for some people to channelize the black-money in order to gain bargain some favorable position for themselves. We are hearing about the politicians speaking of bringing the black-money stacked in swiss banks which will boost the country's cash reserves. But no body is talking about the money spent on the elections ( which would be much more than the money stacked in swiss banks ). I think Indian politicians have a long way to go before they can earn public respect for their agendas.

Anyway last week has seen stock markets and India Inc getting euphoric about the coming to power of Congress, which not only can give stable governance but also has credible leaders which have some agendas. Anyway whatever improvements are done this year by congress in other sectors, it is bound to be good for economics, which is essential right now in order to guide the country from economic recession.