Fitch Study Predicts BJP Likely to Retain Power in 2024 Indian Elections

In addition to predicting the likelihood of the BJP retaining power, Fitch Ratings also pointed out that the outcome of elections in other Asian countries could influence their credit profiles. While the study expects continuity to be the main theme in the elections among its rated Asian sovereigns, it suggests that election outcomes might have a higher chance of influencing credit profiles in countries like Pakistan and Sri Lanka, where success in implementing IMF programs and official support are crucial. Taiwan is also mentioned, with potential geopolitical implications making the chance of election outcomes impacting credit profiles higher.

As India gears up for the 2024 elections, political dynamics, economic policies, and global geopolitical factors are likely to play a significant role in shaping the future course of the country’s governance and development agenda. The study reflects the importance of stable political environments for economic continuity and growth.