2024 is a leap year and an election year for many countries around the world. Nearly 66 democracies will be holding either general or major elections. Countries in the SAARC region, including India, Pakistan, Bangladesh, Sri Lanka, Maldives, and Bhutan (excluding Nepal & Afghanistan), will be among them. 🇮🇳 Additionally, #usa, #russia, #southafrica, #russia and #iran will all have their Presidential elections in 2024. 🇺🇸 🇬🇧 🇮🇷 🇿🇦 🇷🇺 The backbone of any election is politics and promises. Most promises are made to provide economic relief or benefits to citizens, whether it comes from an increase/decrease in taxes or government spending. At the end of the day, the economy is the gainer or sufferer and is reflected in GDP or currency movements. Will there be any turbulence in this leap year? Only time will tell.
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South Asia looks set for a turbulent election year. Several key polls are on the horizon across the region. Impacts: • India-China rivalry will continue to loom large over #Bhutan (which does not have formal diplomatic ties with #Beijing) and the #Maldives. • Victory for the AL in a one-sided poll would put #Bangladesh under considerable external pressure, though not from #India or #China. • Further delay to #Pakistan’s election, which will be occurring well after the constitutionally mandated 90-day deadline, cannot be ruled out. • The most favourable outcome the INDIA alliance can realistically hope for is simply to reduce the #NDA’s sizeable majority. • #Wickremesinghe will in the coming months remain heavily reliant on the Sri Lanka Podujana Peramuna, by far the largest player in parliament. For the latest geopolitical insights, sign up to our weekly newsletter – https://ow.ly/pQqP50Q8jcw #southasia #southasiaelections
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Prime Minister Sheikh Hasina and her Awami League secure a victory in the Bangladeshi elections held on January 7, 2024, paving the way for her historic fifth term in office. What does this mean for India? Increased Trade Opportunities: With projects like the Trans-Asian Highway connecting Bangladesh and India gaining momentum, brace yourselves for a boost in trade volumes. Diversification Strategies: While India remains a key partner, Bangladesh may explore new trade avenues globally. This opens up possibilities for diverse partnerships and influences on the flow of goods and services. Strengthening Political Ties: The complex yet positive relationship between Bangladesh and India has been on an upward trajectory. Sheikh Hasina's continued leadership could mean more stability, fortifying our diplomatic and trade relations #IndiaBangladeshRelations #TradeProspects #IndiaBangladeshTrade #IndianInvestmentInBangladesh #INRTradeSettlement #TradeBoost
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