Discover and read the best of Twitter Threads about #indianelections

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#FlashBack Thread.

17th May 2004 - #BlackMonday LowerCircuit Day.

Started learning Technicals from @nsfidai just a week or two before this event.

Remember him and his friend discussing how markets are heading lower irrespective of results.

Let's see what happened.
#IndianElections & the Impact.

#Nifty fell almost 20% in a single day. Closed 12-13 % lower.

Down 32% from April to May. Peak to Bottom.

On Close 24% fall.

#BJP lost elections.

Remember the "India is Shining " Campaign.

Learnt Lower Top Lower Bottom Pattern ImageImage
#Global Impact of Indian Elections.

#US Markets fell by 6-7% in April-May 2004.

Was down 1% on 17th May 2004. Image
Read 11 tweets
The political debate during #IndianElections over #Jobs is missing the point. This insightful article in @Bloomberg's @bopinion by @ShamikaRavi puts the data in perspective tinyurl.com/SynergiaFounda…. Some stark facts based on the most recent reliable numbers (2016):
1/5: India's labor force participation rate stood at a low 50%. China’s was 75%. Only half of India's working-age population was actively working or seeking employment.
2/5: Dynamic states actively improving their ease of doing business recorded lowest unemployment rates, spread the wealth to women as well as men and found jobs for their younger workers.
Read 6 tweets

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