Will Modi Government Rule Over Karnataka As Well?
It is expected strongly that the BJP win will work wonders for the Modi government and give it more confidence to carry on with bold economic policies. Particularly, rural and infrastructure sectors are going to get bigger attention after this victory. In Karnataka Assembly Election, Prime Minister Narendra Modi has made his skeptics eat their words yet again with a stellar performance.
BJP’s success stood out because this was its first major victory in a key southern state under Modi’s leadership. It was seen as a litmus test for the ruling party at the Centre in the runup to the big slugfest in 2019.
The Karnataka verdict will serve as a pointer of things to come in all probability. A host of states are going to elections over the next six months before the nation readies for general elections in 2019. One of the economists believe that the rural spend will go up ahead of the general elections. He also stated that they are clearly looking at the step up in rural spend as they go towards general elections. It is expected that the farm loan waivers could double to $40 billion by the time general elections take place.