Modi & jai jawan, jai kisan' trap
Business Standard|July 13, 2024
Modi govt will need to address massive challenges without the total power it got used to, in the face of relentless electoral challenges, one after another
SHEKHAR GUPTA
Modi & jai jawan, jai kisan' trap

Prime Minister Narendra Modi's third term is well under way. He knows better than any other that this term is fundamentally different from the first two, sort of sui generis.

His political training and experience haven't prepared him to run an arrangement like this. The lack of a majority isn't the issue. He has enough in 240, especially as none of his allies can pull down his coalition. That's why he's started as if this were just another, normal term. That pretence is vital for him.

The change for Modi 3.0 comes not from numbers, but from the new environment of contestation, something I anticipated in a piece on the day of the election results. To try and understand this better, we will mix metaphors from different sports. Contact sports first, because that's what politics is.

The Bharatiya Janata Party (BJP) and partners won a points victory as if in a boxing match. The victory wasn't narrow. But it was no quick knockout like the last two. Their rivals were able to land some punches, are still in the ring, on their feet, and fighting.

They also believe the reigning "champion" is beatable. This is the change now. You can see it in how Rahul Gandhi and others in the INDIA bloc are already in the political street. In 2014 and 2019, they had melted away to lick their wounds or were in some deep, distant spiritual contemplation. Now we switch from contact sports to the more familiar cricket.

Think of the 2024 verdict as a qualifier in which the Opposition earned the right to challenge the title-holder in a kind of Test championship final.

Test cricket is played one session at a time. In this Test, the first session will be the three state elections later this year: Maharashtra, Haryana, and Jharkhand. In each, the rivals are resurgent. We are not listing Jammu and Kashmir here. It brings formidable but different challenges.

This story is from the July 13, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the July 13, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
FEF and Dharmatic Entertainment Collaboration Unveiled at the 3rd FEF Annual Gala
Business Standard

FEF and Dharmatic Entertainment Collaboration Unveiled at the 3rd FEF Annual Gala

The Fashion Entrepreneur Fund (FEF) and Dharmatic Entertainment Pvt.Ltd., the digital content arm of Dharma Productions, announced an exciting new alliance during the 3rd FEF Annual Gala on September 05.

time-read
2 mins  |
September 10, 2024
Guindy Race Course jockeys for survival
Business Standard

Guindy Race Course jockeys for survival

The hearts of horse racing enthusiasts across India have been racing since Monday morning after Tamil Nadu's revenue department sealed the Madras Race Club in Guindy, the country's oldest horse racing venue.

time-read
2 mins  |
September 10, 2024
Raj Kapoor's restored Awara to musings from Manipur
Business Standard

Raj Kapoor's restored Awara to musings from Manipur

World premiere to include Indian film Superboys of Malegaon on the life of auteur Nasir Shaikh

time-read
3 mins  |
September 10, 2024
Business Standard

Smart choice: Consider interest rate, collateral, and co-signer

The number of Indian students pursuing higher education abroad doubled between 201920 and 2023-24, according to a recent report by CRISIL Ratings.

time-read
2 mins  |
September 10, 2024
Brokerages bullish on Bajaj Housing Finance
Business Standard

Brokerages bullish on Bajaj Housing Finance

BHFL's ₹6,560 cr IPO opened for subscription on Monday

time-read
3 mins  |
September 10, 2024
Market buoyancy spurs IPO rush
Business Standard

Market buoyancy spurs IPO rush

Since July over three dozen companies from diverse sectors have filed their DRHPs

time-read
2 mins  |
September 10, 2024
Business Standard

Ather Energy looks to raise ₹3,100 cr

Electric two-wheeler (e2W) maker Ather Energy has submitted preliminary papers to the Securities and Exchange Board of India to raise funds through an initial public offering (IPO).

time-read
1 min  |
September 10, 2024
Business Standard

Linde India seeks SAT relief on valuation diktat

Industrial gases and engineering firm Linde India has sought relief from the Securities Appellate Tribunal regarding the valuation diktat stated in an order passed by the Securities and Exchange Board of India (Sebi).

time-read
1 min  |
September 10, 2024
FVCIs now get FPIs' governance playbook
Business Standard

FVCIs now get FPIs' governance playbook

Sebi mandates disclosure of beneficial ownership, allocates registration and monitoring responsibilities to DDPS

time-read
2 mins  |
September 10, 2024
Business Standard

Growth recovery, higher margins to drive gains for IT companies

In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services.

time-read
2 mins  |
September 10, 2024