‘BJP expected to secure 330-350 seats in Lok Sabha polls’: Top economist

With India’s Lok Sabha polls kickstarted on April 19, a top economist has predicted that Prime Minister Narendra Mod-led Bharatiya Janata Party (BJP) may win 350 seats this time.

Economist Surjit Bhalla, in an interview with NDTV, said the BJP is likely to perform better this time than what it achieved in the 2019 Lok Sabha polls.

He said the saffron party would witness a 5 to 7% rise in seats won compared to the 2019 results.

‘Little room for further gains’: Bernstein report as NDA eyes over 400 seats

“Based on statistical possibility, they should get 330 to 350 seats on their own. This is just the BJP, not including its alliance partners,” Bhalla told NDTV news channel.

For the Congress party, the economist said that the party may get 44 seats- 2% less than what it won in the 2014 election.

Pointing out the “leadership” problem in the opposition parties, Bhalla said, “The economy matters the most, the leadership matters second. And both of them are in favour of the BJP. If the Opposition had selected a leader who could have a mass appeal or approximating half the appeal that Prime Minister Modi has, then I think it could be a contest”.

Axis My India MD Pradeep Gupta says BJP-led NDA will face challenge in 13 states

Prime Minister Narendra Modi is seeking his third consecutive term, while the opposition bloc-INDIA- a coalition of opposing parties formed to take on the BJP in the general elections, is eyeing ousting him from power.

The 2024 elections are taking place at a time when opposition leaders, including Delhi Chief Minister Arvind Kejriwal, have been arrested on charges of corruption in the liquor policy case.

PM Modi’s ‘abki baar 400 paar’ goal hinges on BJP’s gains in South. Here is why

Bhalla said the reason behind BJP’s victory would be the “improvement in people’s lives”.

“Per capita consumption has improved, lives have improved…Poverty is relative now, no longer absolute,” the economist said.

The second phase of the Lok Sabha elections will be held on April 26. The counting of votes will be held on June 4.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Published: 21 Apr 2024, 07:35 AM IST