While economists warn politicians against making excessive promises, they acknowledge the value of welfare schemes—provided states remain within their financial limits.

Both states will see higher fiscal pressure from increased spending on financial assistance for women, with sharp cuts in capital expenditure to keep deficits under control.

The BJP secured a resounding victory in Maharashtra, while the JMM-led alliance triumphed in Jharkhand. Key figures like Modi, Shah, Shinde, and Fadnavis emerged as winners, while Thackeray, Pawar, and the Congress faced setbacks.

Results are pending for Maharashtra and Jharkhand elections. Maharashtra saw a voter turnout of 66.05% with Mahayuti and MVA alliances competing fiercely. Jharkhand’s first phase involved 43 out of 81 seats,

Prime Minister Narendra Modi’s ruling alliance won an election in Maharashtra by a wide margin, signaling policy continuity in a state which houses most of India’s billionaires and is home to some of the country’s biggest investments.