According to a US poll, concerns about the economy will be a major factor as India goes to polls in April-May with a record one in three Indians pessimistic about the outlook for Asia's third biggest economy.
Policy paralysis, stalled reforms, a ballooning fiscal deficit and rising inflationary pressures have added to India's economic slowdown woes."Indians' growing pessimism about their economy is likely an ominous sign for the long-governing Congress party. Amid worsening economic conditions -- GDP growth has been below 5% for the last two years, compared with nearly 10% in 2010 -- the health of the once supercharged Indian economy is a major concern for voters",
"The politically important southern region of India shows more economic vitality compared with other parts of the country, with 38% of Indians living there saying the national economy is getting better. But with about half of those living in the South (45%) believing the economy is staying the same or getting worse, the Congress party may struggle to retain its electoral dominance there", the survey said.
Dion Global Solutions Ltd.