Overview
- The BJP–Shiv Sena–NCP alliance marks its first year after winning 235 of 288 seats in 2024, with stability tempered by public rifts and unresolved guardian minister posts in Nashik and Raigad.
- Fiscal pressure has intensified with the Ladki Bahin scheme estimated at about ₹40,000 crore this year after ₹17,505 crore was disbursed in late 2024, alongside a projected revenue deficit of ₹45,892 crore, fiscal deficit of ₹1,36,234 crore and debt near ₹9.32 lakh crore, prompting delayed contractor payments.
- Infrastructure milestones touted include Mumbai Metro 3 and the Mumbai–Nagpur Expressway going fully operational, solar connections for 3 lakh farmers, and reported FDI of ₹1,64,875 crore in 2024–25, about 40% of the national total.
- New pushes include the Navi Mumbai International Airport slated to start operations on December 25, a state guarantee for a HUDCO loan for the Virar–Alibaug corridor, and a planned $3 billion NABARD-backed effort to complete 200 irrigation projects in three years.
- Governance strains persisted through the Maratha quota agitation that shut Mumbai for five days before partial concessions, the Beed sarpanch murder case that led to Dhananjay Munde’s resignation, and a Fadnavis clean chit to Ajit Pawar over a Pune land deal.