Middle Class Discontent: A New Challenge for Modi's BJP?

Indian Prime Minister Narendra Modi is under fire from the middle class for a budget perceived as unfavorable. The budget, which raised taxes and removed benefits, has caused discontent ahead of regional elections. The middle class, traditionally swing voters, could impact the BJP's chances significantly.

Indian Prime Minister Narendra Modi, reeling from setbacks in the April-June general election, faces increased criticism from the country's pivotal middle class over last week's budget. The unfriendly fiscal measures have put his party on the defensive ahead of crucial regional elections.

The budget's unpopular tax changes—including hikes on gains from retail investments and the removal of real estate tax benefits—have led to widespread outrage among the middle class, which constitutes roughly 30% of India's populace. Discontent has surfaced across pivotal states like Maharashtra, raising doubts about the BJP's standing in the forthcoming polls.

Political analysts note that regional elections are vital, influencing the balance of power in India's upper parliamentary house. The middle class, which has previously leaned toward the BJP for its pro-business policies, now appears to be reconsidering its support, posing a significant challenge for Modi's leadership.

(With inputs from agencies.)