Jai-ho

17 May 2009 By Una Galani Follow @ugalani

Fears that the economic crisis would bring political chaos have proven wide of the mark in India. The world s largest democracy has given the ruling Congressled alliance a decisive victory. The next government will have a freer hand to make reforms. Investors should be relieved.

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India's ruling Congressled alliance is to serve a second consecutive term after beating the alliance of the opposition Hindu nationalist Bharatiya Janata Party by an unexpectedly large margin following the country's monthlong general election.

The ruling Congressled United Progressive Alliance won a total of 260 of the 543 seats in the lower house of parliament, or Lok Sabha, while the BJPled National Democratic Alliance won 159 seats. The newly formed Third Front Party led by the left won 68 seats.

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