Poll Brouhaha at Dalal Street

By the time you read this, the election drama will be over, and we will know the shape of the new government. The stock market would also have settled down and adjusted expectations to the new government’s known priorities. While every political party has ideological biases, there are certain things any party that comes to power must do, regardless of biases. We can be certain that the next government will put cash into the hands of lower income groups. It may do this through new schemes like NYAY, or by hiking benefits under MNREGA, or pushing Minimum Support Prices for food, or some other scheme. But it will happen as every political formation has campaigned on a populist platform. Second, we can be sure that the next government will try to create jobs, and address farm distress, since these  two issues have cropped up repeatedly. Whether they will succeed, is a different...