Indian politics has decoupled winnings from victories

The election results of the recently-concluded Karnataka Assembly are not a Black Swan. Fractured political verdicts are not new to India. Neither are pre-or post-results alignments. Nor the fact that the party with the highest vote share will necessarily get the highest number of seats. Despite a high-decibel campaign on both sides, neither of the Big Two have been able to command a decisive majority — the Bhartiya Janata Party (BJP) has got 104 seats (46.4%), while the incumbent Indian National Congress (Congress) cobbled together 78 seats (34.8%). Of the rest, Janata Dal (Secular) or JD(S) has garnered 37 seats (16.5%), leaving three seats for independents.

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