The General Elections were held in April-May 2014 to constitute 16th Lok Sabha in India. These elections were watershed moment in electoral politics of India as well as for state of Punjab. The national politics seems to take bipolar turn from multipolar as Bharatiya Janata Party won majority to form Government whereas the results of these elections converted bipolar polity of state into multipolar. This research work lays emphasis on the analysis of electoral discourse of these elections in Punjab to understand the reasons behind the unconventional behavior of voters which led to the weakening of traditional political players and electoral success of Aam Aadmi Party. The Punjab remains one of few states where the voting percentage of entrenched parties like Akali Dal, Bharatiya Janata Party and Congress declined. The inability of these parties to get people's mandate in their favor can be explained in the terms of anti-incumbency as Congress was ruling at Centre and Akali-BJP alliance in state. Moreover, the success of Aam Aadmi Party was also for finding new alternative in elections fought over narrative of development.