The GDP poll: Vote share of a ruling party varies with its economic performance

In 2004, the BJP lost the general election, despite its belief that the Indian economy’s performance had been outstanding and voters would reward it for this performance. Many analysts and most opposition parties accepted the contention that the economy was performing very well, but the fruits of this growth had not reached the “aam aadmi” who voted against the BJP. As a contrarian, I argued that the economic performance had been, in fact, worse than during the previous regime...

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