Animesh Ikshit, New Delhi ,5 June 2024:

The National Democratic Alliance (NDA), led by the Bharatiya Janata Party (BJP), has consistently been a formidable force in Indian politics. As we examine the final figures of the NDA, both with and without the inclusion of key regional allies such as the Telugu Desam Party (TDP) and the Janata Dal (United) JDU, we can see a coalition that remains robust and influential.

Core Composition of the NDA

Let`s start with the core numbers of the NDA without TDP and JDU:

- BJP: 240 seats
- Shiv Sena: 7 seats
- Lok Janshakti Party (LJP): 5 seats
- Janata Dal (Secular) JDS: 2 seats
- Rashtriya Lok Dal (RLD): 2 seats
- Jana Sena: 2 seats
- United People`s Party Liberal (UPPL): 1 seat
- Hindustani Awam Morcha (HAM): 1 seat
- Zoram People`s Movement (ZPM): 1 seat
- Sikkim Krantikari Morcha (SKM): 1 seat
- Apna Dal: 1 seat
- Asom Gana Parishad (AGP): 1 seat
- All Jharkhand Students Union (AJSU): 1 seat
- Nationalist Congress Party (NCP): 1 seat
- Independent (Ladakh & Daman and Diu): 2 seats

These figures culminate in a total of 272 seats, providing the NDA with a slim yet critical majority in the Lok Sabha.

Scenario with TDP and JDU

Incorporating the TDP and JDU into the NDA reshapes the coalition dynamics significantly:

- Telugu Desam Party (TDP): 16 seats
- Janata Dal (United) JDU: 12 seats

Adding these allies brings an additional 28 seats to the coalition. The adjusted total, excluding the YSR Congress Party (YSRCP), stands at 296 seats:

- NDA (without YSRCP): 268 seats
- Plus TDP and JDU: 28 seats
- Total: 296 seats

The YSRCP Factor

In a scenario where the TDP opts out, the YSR Congress Party (YSRCP) potentially fills the gap:

- YSRCP: 4 seats (if TDP ditches)

Including YSRCP in the absence of TDP and JDU modifies the NDA`s composition but still keeps it afloat with a simple majority.

While coalition partners would push for agendas like common minimum programs The NDA, under Prime Minister Narendra Modi`s leadership, has emphasised that the tantrums of coalition partners will not be tolerated. This stance reflects the coalition`s commitment to maintaining stability and ensuring that the governance agenda remains uninterrupted by internal dissent. The NDA aims to foster a collaborative environment where all partners work cohesively towards common goals without disruptive behaviour .

Economic Stability and Sensex Expectations

Amidst these political dynamics, the Indian stock market, particularly the Sensex, is soon expected to stabilize. This anticipated stability can be attributed to the continuity in leadership and the assurance of a steady economic policy framework under the NDA government. Investors` confidence is likely to be bolstered by the coalition`s firm grip on power and its focus on economic reforms and development.

PM Modi`s government is stable

Regardless of the presence or absence of TDP and JDU, or the inclusion of YSRCP, the NDA`s coalition configuration ensures that Prime Minister Narendra Modi remains poised to lead for the next five years.

- With TDP and JDU: 296 seats
- Without TDP and JDU (including YSRCP): 272 seats

These figures establish the NDA`s adaptability and strength, securing its position in Indian politics. Prime Minister Modi`s leadership remains solidified, ensuring continuity in governance and policy implementation for the foreseeable future. The coalition`s firm stance on internal discipline and the expected stabilisation of the Sensex further enhance the prospects for sustained growth and development.