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Terms of Trade: Is PK’s parabolic victory hyperbolic in Bihar’s larger politics?

Prashant Kishor has gained voters from both the BJP and the RJD, given the BJP’s and RJD’s vote shares of 62.6% and 29.5%, respectively.

Updated on: Aug 3, 2026, 18:00:16 IST
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By-polls are hardly significant in empirically analysing larger electoral politics in India. But when a political rookie wrests a seat from a ruling party which the latter has not lost in three decades, and was held by its national president, some sort of analysis is called for. Here are some key takeaways from the Prashant Kishor’s (PK) comprehensive victory in the Bankipur assembly constituency (AC) by-poll in Bihar.

Patna: Jan Suraaj Party founder and candidate Prashant Kishor greets people during a march as he leads over BJP's Neeraj Kumar Sinha to 10,436 votes in the Bankipur assembly by-election after the counting crossed the halfway mark, on Aug. 3 (PTI)
Patna: Jan Suraaj Party founder and candidate Prashant Kishor greets people during a march as he leads over BJP's Neeraj Kumar Sinha to 10,436 votes in the Bankipur assembly by-election after the counting crossed the halfway mark, on Aug. 3 (PTI)

The numbers are unambiguous. PK has polled almost 50% vote share in the election. The BJP, which has polled 35% of the vote share in these elections, has recorded its worst ever performance by a distance in this AC since it came in existence in 2009. The RJD, the main opposition party in the state, has been confined to just about 10% of the vote share. A simple comparison of vote shares from the 2025 assembly election results tells us that PK has gained voters from both the BJP and the RJD, given BJP’s and RJD’s vote shares of 62.6% and 29.5% respectively.

Bankipur is as unrepresentative of the Bihar’s electorate as it can get. It is perhaps the most urban and also the richest AC in all of state with a large share of upper caste voters. This means that it will be premature to extrapolate PK’s one-off victory in this AC for his party Jan Suraaj, which polled a paltry 3.4% of the share in the 2025 assembly elections. These facts however do not make PK’s Bankipur victory insignificant for the state’s larger polity. Here is why.

PK is not the kind of political operator who would be content to become an MLA or an MP. He has had much larger share of political limelight and access in his previous life as a political consultant. His decision to not contest himself during the assembly elections and contest the current by-poll is in keeping with his political shrewdness. The only question which needs to be asked is what will he try and make of this victory in the state’s larger politics?

Here is my take on what will possibly be PK’s strategy. He is pragmatic enough to know that on its own his party cannot break political ground in Bihar. This makes it imperative for him to find a political partner in the state. The BJP and the RJD are automatically ruled out because neither would be willing to even share a part of their political status as the leader of the government and the opposition in the state with a third party. The JD(U), is currently in what can only be described as a trance of atrophy in its post-Nitish era. PK’s best bet for an alliance partner in the state is likely to be the Congress, which has enough of a legacy and recall value but very little strength on the ground to not mind a dominating partner who can bring some bling to its political appeal. Anybody who has been following the RJD-Congress engagement in the state knows that it has been a frigid relationship for a long time now. The social capital for this possible political alliance could come from two core blocks: upper caste Hindus and Muslims. They form the core of their respective political camp’s supports, namely, the BJP and the RJD, but are increasingly believing that the quid pro quo for their support has been diminishing. PK’s language of governance rather than confrontational caste or religious politics might give both these communities the perfect alibi to embrace promiscuity. The BJP will do all it can to prevent this attrition from its ranks. The RJD’s ability to do the same is less likely.

 
ABOUT THE AUTHOR
Roshan Kishore

Roshan Kishore is the Data and Political Economy Editor at Hindustan Times. He heads the newsroom's data journalism team, which produces Number Theory, a daily data-driven feature for the print edition and the HT app. Number Theory uses data analysis and story-telling based on it to add value to the newsroom’s daily coverage by putting stories in a larger context on a range of issues, including politics, macroeconomy, markets, global affairs and climate. Under his leadership HT’s data journalism work has established itself as a niche product in Indian journalism and pushed the boundaries of marrying academic rigour with news sense and speed. Along with writing and editing data stories, he has also been writing a weekly political economy column called Terms of Trade for HT Premium. A trained economist with an MPhil degree from Jawaharlal Nehru University, Kishore has also been a visiting fellow at the Centre for Advanced Studies of India (CASI) at the University of Pennsylvania. Along with his journalistic work, his writings have also appeared in journals such as the Economic and Political Weekly and working papers for CASI and UNESCAP.

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