New Delhi: Less than three less are left till polling ends for Karnataka elections, a state where Prime Minister Narendra Modi’s Bharatiya Janata Party is seeking to wrest control over one of the few places left in the hands of the opposition Congress.
Modi faces Lok Sabha elections within 12 months, and how the BJP fares in Karnataka elections, the only southern state where it has ever made significant inroads, could give an indication whether the tide is still with him.
The BJP and its allies are currently in power in 22 of 29 states, but after Karnataka, three more assembly elections will fall due by the end of the year.
Both Modi and Congress leader Rahul Gandhi, the scion of the Nehru-Gandhi dynasty that has dominated Indian politics since independence, have campaigned hard in Karnataka, a state of 66 million people with diverse constituencies.
Karnataka is the only place in south India where the Hindu nationalist BJP has ever managed to win control of the state government.
State capital Bengaluru is regarded as the home of India’s “Silicon Valley”, while voters in farming and mining areas have very different priorities from urban dwellers.
Both parties have promised farm loan waivers if they came to power, joining the states of Uttar Pradesh, Maharashtra and Punjab which have announced loan waivers estimated at $15 billion, which would increase the fiscal burden of those states over the medium term.
Opinion polls have forecast neither the BJP or Congress would emerge as a clear winner when Karnataka election results are declared on 15 May. Such an outcome could result in Janata Dal (S), a regional group, taking the role of kingmaker in the 224-member state assembly.
Opinion polls in India are often unreliable, however.
Whereas voters elected Modi in 2014 thanks to his promise of reforms that could unlock growth in the economy there has been disquiet over his stance toward India’s non-Hindu minorities, and the pain resulting from some of the economic steps taken.
The implementation of a new national Goods and Services Tax (GST) last July, was beset with problems, hurting small businesses and hitting economic growth.
“The markets will view the results as a testament of the government’s popularity in midst of wider GST-led disruptions and asset market volatility,” Radhika Rao, an economist of DBS Bank said in a note earlier this week.