India's Prime Minister Narendra Modi had to make significant compromises as his ruling Bharatiya Janata Party (BJP) faced a disappointing election result, resulting in the need to rely on coalition partners to form a government. This unexpected shift in India's political landscape has had a significant impact on the recently unveiled full budget on July 23rd.

Prior to the election, Modi's government had presented an interim budget in February, which brimmed with confidence as the ruling BJP anticipated retaining, and possibly expanding, its majority in parliament. However, the interim budget did not include many of the traditional welfare handouts and other incentives often observed leading up to Indian elections. Instead, it focused on fiscal deficit reduction, infrastructure improvements, and long-term development goals for India by 2047.

The new political reality, arising from public anger over issues such as unemployment, inflation, and inequality, has influenced the full budget unveiled in July. With the BJP no longer holding a majority, the Modi government had to make compromises and prioritize addressing the concerns of the electorate. Consequently, the budget includes measures aimed at providing job subsidies and other forms of assistance.

The shift towards prioritizing welfare measures and jobs subsidies in the budget reflects the government's acknowledgment of the pressing issues facing the country. Unemployment, inflation, and inequality have emerged as key concerns for the electorate, necessitating immediate action. Despite the BJP presenting a budget that focuses on these issues, it remains to be seen how effective these measures will be in addressing the concerns of the public.

The budget's emphasis on trimming the fiscal deficit and improving infrastructure continues to align with the government's long-term vision to transform India into a developed nation by 2047. However, the unexpected election results have compelled the Modi government to recalibrate its priorities and place greater emphasis on addressing immediate concerns to maintain public support.

As India approaches the next stage of its political journey, the challenges facing the nation will require concerted efforts from the government and its coalition partners. The compromises made in the budget signify the government's commitment to navigating the new political terrain and finding solutions to the pressing issues affecting the country's citizens.

Overall, the Modi government's compromises and adjustments in the post-election budget underscore the changing dynamics of Indian politics and the need to address public concerns such as unemployment, inflation, and inequality. The budget's focus on job subsidies and other forms of assistance reveals a government striving to adapt to the new political landscape and maintain public support.