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(29 Nov 1998) English/Nat India's ruling B-J-P party has suffered a series of humiliating defeats in the country's state elections, triggering speculation that the government's days are numbered. Most of the gains went to the main opposition group, Congress, under the new leadership of Sonia Gandhi, widow of former prime minister Rajiv Gandhi. India's Prime Minister and leader of the B-J-P party Atal Bihari Vajpayee, who inaugurated a meeting of the World Economic Forum in Delhi on the same day the results were finalised, tried to calm investors fears. 00.02 It's been a remarkable turnaround for the Congress Party. 00.06 Much of the credit is being given to Rajiv Gandhi's widow Sonia, who took over the party's leadership after its crushing general election defeat eight months ago. 00.16 But she refuses to take all the glory. 00.20 SOUNDBITE: (English) It is an endorsement of the Congress Party, of all the workers, of the grass roots workers, from the lowest worker to the top. SUPER CAPTION: Sonia Gandhi, President, Congress Party 00.31 Despite winning control of key contested states, she isn't calling for an immediate general election. 00.37 SOUNDBITE: (English) This government is bound to collapse on its own, so why should we rush into things. SUPER CAPTION: Sonia Gandhi, President, Congress Party 00.44 Humiliated Prime Minister, Atal Behari Vajpayee, tried to put his party's local election drubbing behind him when he addressed foreign investors at the World Economic Forum in Delhi. 00.54 SOUNDBITE: (English) I would like to assure you that volatility in Indian politics will have no fundamental impact on the process of economic reforms in the country. SUPERCAPTION: Atal Bihari Vajpayee, India Prime Minister 01.11 However, Sonia Gandhi's jubilant supporters see the results as a clear sign that India has lost faith in Vajpayee's right-wing government. 01.21 VISION ENDS Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...