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Business India Intelligence

  2012 MAY 6 - (VerticalNews.com) -- Research and Markets (http://www.researchandmarkets.com/research/0379e190/business_india_int) has announced the addition of the "Business India Intelligence" report to their offering. Overview The results of five recent local elections were announced on March 6th. One state election resulted in a hung parliament, and alliances led by the main national opposition party, the Bharatiya Janata Party (BJP), won in two other states. The biggest upset, however, came from the state of Uttar PradeshIndia's most populous and therefore politically most important statewhere a local party, the Samajwadi Party, won an outright majority in the state assembly. This turn of events is likely to further undermine political stability at the national level.

  The BJP performed well in Punjab, where it captured 68 seats in the 117-member state legislature in an alliance with the Shiromani Akali Dal Party. This won the alliance a second consecutive term of government. In the small Union Territory of Goa the BJP, allied with the Maharashtrawadi Gomantak Party, ousted the ruling Indian National Congress-Nationalist Congress Party (Congress) alliance. Congress and the BJP were neck and neck in Uttarakhand, with 32 and 31 seats respectively. But Congress swept Manipur, winning 42 out of 60 seats in the small north-eastern state.

  The prize on which all eyes were fixed, however, was the state of Uttar Pradesh. As the most populous state in India it has the greatest influence in the federal parliament because it determines the largest number of seats in the Lok Sabha (the lower house of the federal parliament). Uttar Pradesh accounts for 80 seats in the 543-seat Lok Sabha. By comparison the next-largest state, Maharashtra, trails with 48 seats, and Punjab sends 13 members of parliament to the Lok Sabha. Key Topics Covered: Setback for Congress

  M-commerce: Banks go mobile

  Latin America/India: Discovering America

  Industry overview: Taking off

  Indicators: Economic growth: Slowdown

  For more information visit http://www.researchandmarkets.com/research/0379e190/business_india_int

  Keywords: Research and Markets.

  This article was prepared by VerticalNews Internet editors from staff and other reports. Copyright 2012, VerticalNews Internet via VerticalNews.com.