The magic number was not met as the Congress alliance fell short of the 272 mark, but even so no-one in the Congress camp will be unhappy with the result today.
An interesting question that aries, asks how much power will be taken away from the Congress party due to the fact that a coalition government will be necessary. I personally believe that a few seats here and there are of no real concern. The government will continue to have the peoples support as long as India remains on its current trajectory (obviously discounting the short term effect of the current global recession). Any government which continues to pass on the effects of a country growing at 5/6/7% a year is surely to remain in the voters favor.
Now it is just up to the government to continue doing what it seems to have done so well for the past five years.
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