Know why the market would be happier with the BJP-JDS combine in Karnataka
A couple of exit polls have predicted that the Congress would emerge as the single-largest party while most others predict it would be the BJP.
By ET Online | Updated:
Karnataka Elections 2018
BCCL
NEW DELHI: HD Kumaraswamy of Janata Dal (Secular) (JD-S) would likely to go with whichever party offers him the post of the chief minister in case of a hung assembly after the election results in Karnataka, said Swaminathan Aiyar, Consulting Editor, ET Now, in an interview to the TV channel. However, he pointed out that the market would be happier with the JD-S allying with the Bharatiya Janata Party (BJP) instead of the Congress.
A couple of exit polls have predicted that the Congress would emerge as the single-largest party while most others predict it would be the BJP. However, most exit polls see JD-S in a position of a kingmaker.
Aiyar, however, refused to predict any outcome. The BJP and JD-S alliance may not be likely due to a trust deficit from the previous alliance between them. The BJP had an unhappy experience with Kumaraswamy last time when they got into a coalition. Both the parties were supposed to share power, but Kumaraswamy ruled for 20 months and then refused to hand over power to the BJP.
"If they get together now, the shadow of that particular breakdown will be there. And if at all they want to get together, I think BJP will say look this time we should be chief minister first and you second. Congress on the other hand may offer Kumaraswamy chief minister first in power-sharing agreement. So I really do not know which way it will go," Aiyar said.
The Congress on Sunday denied any chances of stitching an alliance with the JD-S to come to power and said that the situation was never going to come. Of the 224 seats in the Karnataka Assembly, 222 went to polls, and a party or an alliance needs 112 to form the government. The Congress had won 122 seats and the BJP 40 seats in the last Karnataka Assembly election in 2013.
Aiyar said the markets were already expecting an alliance government in the state. "I would say that the markets have already realised there is some ambiguity. I would say the markets have already priced in hung assembly," he said.
A couple of exit polls have predicted that the Congress would emerge as the single-largest party while most others predict it would be the BJP. However, most exit polls see JD-S in a position of a kingmaker.
Aiyar, however, refused to predict any outcome. The BJP and JD-S alliance may not be likely due to a trust deficit from the previous alliance between them. The BJP had an unhappy experience with Kumaraswamy last time when they got into a coalition. Both the parties were supposed to share power, but Kumaraswamy ruled for 20 months and then refused to hand over power to the BJP.
"If they get together now, the shadow of that particular breakdown will be there. And if at all they want to get together, I think BJP will say look this time we should be chief minister first and you second. Congress on the other hand may offer Kumaraswamy chief minister first in power-sharing agreement. So I really do not know which way it will go," Aiyar said.
The Congress on Sunday denied any chances of stitching an alliance with the JD-S to come to power and said that the situation was never going to come. Of the 224 seats in the Karnataka Assembly, 222 went to polls, and a party or an alliance needs 112 to form the government. The Congress had won 122 seats and the BJP 40 seats in the last Karnataka Assembly election in 2013.
Aiyar said the markets were already expecting an alliance government in the state. "I would say that the markets have already realised there is some ambiguity. I would say the markets have already priced in hung assembly," he said.
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