Market Intelligence

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches

The Uttarakhand government, under the leadership of Chief Minister Pushkar Singh Dhami, introduced the Uniform Civil Code (UCC) Bill 2024 in the state Assembly, marking a significant move towards legal uniformity across different personal laws. The bill aims to establish a common set of civil laws for all citizens, regardless of their religion, focusing on key areas such as marriage, divorce, inheritance, and property rights. Major provisions include a ban on polygamy and child marriage, equal property rights for sons and daughters, compulsory registration of marriages and divorces, and penalties for practices like triple talaq. This initiative, which aligns with the BJP’s national agenda, is seen as a step towards fulfilling a major promise made in the party’s 2022 assembly election manifesto and could set a precedent for other states in India

Nitish Kumar, the Chief Minister of Bihar, resigned from his post and ended his alliance with the Rashtriya Janata Dal (RJD), marking a significant shift in the state’s political dynamics. He is set to form a new government in alliance with the Bharatiya Janata Party (BJP). This move has major implications for Bihar’s political landscape, particularly in the context of the upcoming 2024 Lok Sabha elections. Political parties are expected to recalibrate their strategies in response to this realignment. The new coalition might lead to a change in voter loyalties, campaign strategies, and electoral calculations, potentially influencing both regional and national politics