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2w ago

BJP Reclaims Ground in State Elections as India Marks Economic Stability

The alliance’s surge in every state poll except Jharkhand highlights domestic momentum despite persistent global trade tensions.

The election of 2024 was as much a story of the BJP’s decline as it was of the resurgence of the opposition and the comeback of coalitions. (HT Photo)
Narendra Modi assumed office as the Prime Minister for the third time on June 9, 2024, but the government was seen more as a National Democratic Alliance (NDA) government than the Modi government (PTI)
Prime Minister Narendra Modi inaugurated the 18th Pravasi Bharatiya Divas (PBD) Convention in Odisha's Bhubhaneshwar. PTI file
Prime Minister Narendra Modi during an event. PTI File

Overview

  • Since the 2024 general election, the BJP and its allies have increased seat and vote shares in every state assembly contest except Jharkhand, reversing their parliamentary setback.
  • Inflation has fallen from 6.5% to 4.6% in 2024-25 while growth remains robust, enabling monetary policy to cushion the economy as fiscal stimulus is withdrawn.
  • President Trump’s return to power has intensified global trade disputes, heightening uncertainty and prompting foreign investor outflows from India’s markets.
  • Over the past 11 years, Prime Minister Modi has reshaped India’s political and economic landscape through centralising governance and landmark measures such as the 2017 GST rollout and 2019 abrogation of Article 370.
  • Landmark infrastructure initiatives, including the new Parliament House inaugurated in 2023, illustrate the government’s focus on modernising national institutions.