Coalition Govts that completed full term
Start | End | Government | Sensex |
---|---|---|---|
21-06-91 | 16-05-96 | PV Narsimha rao led UPA | 180.80% |
19-3-98 | 22-05-04 | Vajpayee led NDA | 29.90% |
22-05-04 | 22-05-09 | Manmohan Singh led UPA - I | 179.90% |
22-05-09 | 26-05-14 | Manmohan Singh led UPA - II | 78% |
Coalition Govts that didn’t serve the full term
Start | End | Government | Sensex |
---|---|---|---|
02-12-89 | 10-11-90 | V.P Singh led National front | 95.60% |
10-11-90 | 21-06-91 | Chandra Shekar led Janata Dal | -2.20% |
16-05-96 | 01-06-96 | Vajpayee led NDA | -2.60% |
01-06-96 | 21-04-97 | HD Deve Gowda led United front | 2.00% |
21-04-97 | 19-3-98 | I.K Gujral led United front | 0.60% |
Source: Business standard & Wikipedia
Markets didn’t really do that bad during coalition governments as I thought and if we look at the history, Coalition Governments seem like a norm and a full majority by single-party-led governments have been rare exceptions.
While past performance is no guarantee of how things will pan out in the future owing to innumerable variables that may or may not exist in the future. I think its safe to assume for now that irrespective of the Governments, The Indian economy and market’s growth story is well and truly intact.
Would love to hear your thoughts especially if its a counter argument