6. 2004: the results

7. 2004: the magic numbers

8. 2009: Why a Congress led government is unlikely to be repeated again this year The previous combination can get a maximum of 235 seats, almost 40 less than the majority mark…

9. 2009: Why a BJP led government seems unlikely The old NDA combination can get a maximum of 245 seats, almost 30 less than the majority mark…

10. 2009: where things stand as of today.. Mayawati looks set to take the center-stage…

12. 2009: Scenario 1 BSP leads with inside/outside support of Left+ and outside support of INC

13. 2009: Scenario 2 BSP leads with outside support of Left+ and outside support of BJP+

14. 2009: Scenario 3 SP OR NCP lead with inside/outside support of Left+ and outside support of INC or the BJP

15. 2009: Scenario 3: Why this arithmetic would be difficult to get… NDA partners can’t leave the BJP camp..

16. 2009: Scenario 3: Why this arithmetic would be difficult get… NDA partners can’t leave the BJP camp..

17. 2009: Scenario 3: Why this arithmetic would be difficult get… Same rule applies on the INC camp..

18. This leads to a possible Scenario 4 To keep BJP and BSP away, Congress could agree to this arrangement, where Left could give inside or outside support..

19. Scenario 4 This could make way for other dark horses..

20. What does this all mean for Business? As a result of being reliant on the Left parties, you should expect no movement in policies related to economic liberalisation