In this globalised world, elections play an important role in the world economy. If the change in government is good, then the markets will play well. In case the change in government is not good and as expected, then chances are that the markets may see a down trend. This has happened many times in history and may be repeated this year as well.
While India is aiming to be a 5 Trillion economy really soon but 2024 may prove to be a difficult year for the markets as in 2024, about 65 countries will be choosing their head of state and deciding the fate of their country. The names of the countries are as follows.
Africa
Algeria
Australia
Austria
Azerbaijan
Bangladesh
Belarus
Belgium
Bhutan
Bosnia
Botswana
Brazil
Cambodia
Canada
Chad
Comoros
Croatia
Dominican
Germany
Ghana
Herzegovina
Iceland
India
Indonesia
Iran
Ireland
Korea
Macedonia
Malaysia
Malta
Marino
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Mozambique
Namibia
North Ossetia[a]
Pakistan
Palau
Panama
Poland
Portugal
Republic
Romania
Russia
Rwanda
Salvador
San
Senegal
Slovakia
Solomon
Somaliland
Spain
Sri Lanka
Sudan
Taiwan
Togo
Tunisia
Turkey
Tuvalu
United States
Uruguay
Venezuela
Global elections will have impacts on global markets across the globe. However, state elections will have a specific impact on Indian stock markets. In 2024, India will have the general elections along with 8 state assembly elections. The states that will have elections in 2024 are given below;
Andhra Pradesh
Arunachal Pradesh
Odisha
Sikkim
Haryana
Jammu and Kashmir
Maharashtra
Jharkhand
Political Analysts say that the state elections prior to the general elections will give hints about every party’s performance in the general elections. While results of the general elections will decide how the rest of the state elections will turn out for the country. The I.N.D.I.A. alliance has been preparing very hard for these elections. However, the results completely depend upon the voters and the work these governments have done in the last 5 years.
