The Parliament elections for India are over and the results were announced few days back which was totally unexpected. All the leading news channels had predicted a hung parliament with neither of the two largest parties getting majority.

But the results were a surprise shocker, and the Congress party came out victorious with over 202 seats on their own. That helped them to get the support of few other regional parties and surpass the 272 seats mark, to claim for government formation.

Given the history of the Congress party, in managing coalition government, we can expect India to have a stable government for the next five years. That confidence has made many foreign institutional investors waiting in the side lines to rush to India, which lead the stock market index to hit 20% gain in the first two days after announcement of the results.

The previous government was also lead by the Congress party, but it was at the mercy of the Left front which had over 60 members supporting it from outside. That forced the government to avoid any major reforms, which were long pending in insurance / finance and also infrastructure.

In the latest elections, the Left parties have been reduced to non-relevant level, and the Congress party has gained enough clout individually. That is expected to help it in taking reforms in an aggressive manner.