Market Intelligence

The electoral base of Nitish Kumar’s Janata Dal (United) [JDU] in Bihar is intricately linked to the state’s caste composition. The JDU historically garners significant support from the EBCs (Extremely Backward Classes) and Mahadalits, a subset of the Dalit community. Bihar’s demographic profile includes 16% Scheduled Castes, 51% OBCs/EBCs, 15% forward castes, and 16.9% Muslims. Kumar’s governance and policies, notably reservations in government contracts and expanded EBC categorization, aim to consolidate his traditional support base. However, the JDU’s success in upcoming elections, especially the 2024 Lok Sabha polls, will heavily depend on the party’s alliances and ability to attract votes from various caste groups. With current speculations about Kumar’s potential switch to the NDA, there’s a possibility of a shift in the JDU’s voter base, making the party’s approach to caste-based support and political alliances crucial for its performance in the 2024 elections.

The year 2024 has been marked by a series of pivotal elections worldwide, each carrying significant implications for international relations, economic policies, and strategic alignments. In the United States, the presidential election could redefine U.S.-China relations and impact global markets and geopolitical stability. Taiwan’s election, crucial for cross-Strait dynamics and semiconductor industry considerations, has highlighted the island’s strategic importance. Elections in India and Pakistan are set to influence regional stability in the Indo-Pacific, affecting relationships with major powers like the U.S. and China. Africa’s elections, particularly in South Africa and Senegal, play a key role in the continent’s peacekeeping and economic integration, with global powers vying for influence. Protests expected in Belarus, Russia, and Iran around their elections could destabilize governments and strain international relations. Overall, the 2024 elections are reshaping the global geopolitical landscape, influencing economic policies, strategic alignments, and regional stability.

Amid speculation, the Chief Electoral Officer of Delhi clarified that April 16, 2024, is a reference date for planning purposes and not the confirmed polling day