Here is Tom Friedman’s take on the Indian elections.
Of course, no sooner did the B.J.P. — which ran on a platform of taking credit for India’s high-tech revolution — go down than the usual suspects from the antiglobalization movement declared this was a grass-roots rejection of India’s globalization strategy. They got it exactly wrong. What Indian voters were saying was not: “Stop the globalization train, we want to get off.” It was, “Slow down the globalization train, and build me a better step-stool, because I want to get on.” [NYT]
Friedman makes a valid point but it still is an oversimplification. More than any other election, the however deep the analysis of the 2004 elections goes or whatever conclusions one makes, the result would only be an oversimplification.