Lok Sabha election 2024: NDA may not win 370-410 seats, but will improve 2019 tally, says Antique Broking
Antique Stock Broking. Highlighting the debate on the prospects of the incumbent government's return amid a decline in voter turnout, Antique believes the incumbent party may improve its 2019 tally. "The current debate is on the prospects of the incumbent government (polling is complete in nearly 70 per cent of the Lok Sabha seats) as there has been a decline in voter turnout (from 68.6 per cent in 2019 to 66.5 per cent in 2024, a decline in 252 seats out of 365).
Based on our analysis of voter turnout data, we believe that the incumbent party may improve its 2019 tally but fall short of the opinion poll expectation of NDA winning 370-410 seats," said Antique. Also Read: General Election and Market: Weak voter turnout making investors nervous, say experts Four of the seven Lok Sabha election 2024 phases have been completed. The fifth phase is due on May 20.
The sixth and seventh phases will be conducted on May 25 and June 1, respectively, and the results will be out on June 4. The average voter turnout so far has been 67 per cent. Also Read: Lok Sabha Election 2024: 5 key investment strategies amid market volatility Antique said voter turnout could be revised upward due to the first-time optional postal ballot facility for voters over 85 and the disabled.
"Voter turnout has declined from 68.6 per cent in 2019 to 66.5 per cent in 2024 and a decline in 252 out of 365 seats polled so far excluding Assam. We believe that the final turnout data may increase further as the Election Commission has provided an optional postal ballot facility for the first time to voters above 85 years (8.2 million or 0.8 per cent of the total electorate) and with disabilities (8.8 million or 0.9 per cent of the electorate)," said Antique. Also
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