What is going to be interesting is what happens once the elections results come out on March 4. First will be the spin each party gives to claim victory. Football-like results will be trotted out – 3-2, 4-1, or whatever. Once we get past that, we will need to get down to the harsh realities of what comes next.
Will there be a re-alignment of forces at the Centre as perhaps an SP replaces the TMC? If the Congress does really well, will it go for a mid-term poll? If it does badly, will it replace the Prime Minister? Will the Budget give a push for big-bang reforms as many from the world of business have been asking for?
Hopefully, the elections will provide some clarity on the way forward. What hits the economy hard is stasis. India cannot afford another 2-3 years of policy paralysis and governance deficit. We are digging ourselves into a hole that is getting deeper by the day.