The defeat of BJP’s diabolic game in Maharashtra on the Constitution day of November 26 is the biggest blow to the image of Modi-Shah duo since the formation of the second Narendra Modi government at the centre in May this year. Only the senior BJP leaders, especially the President Amit Shah, would understand the impact that this formation of the Shiv Sena-NCP-Congress government in the financial capital of India will have on the money and muscle power of the party in the coming days.
Mumbai is the epicentre of corporate India and a large share of funds from the corporates are accrued from Maharashtra. Now, the sudden loss is sure to give a halt to that growth momentum and the Congress and the NCP, apart from Shiv Sena, should be in a position to take away a good share of the funds from the corporates that were otherwise diverted to the BJP.
The BJP took big advantage of the electoral bonds in the 2019 Lok Sabha elections as also in the state assembly elections later. The ADR report shows that a third of the electoral bonds were sold in Mumbai and the BJP got lion’s share of these bonds. However, there are so many ways for the ruling Party in a state can mobilise funds for the elections from the cash-rich financial capital of the country.