Modi's coalition boosts handouts

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BJP coalition

Reuters

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Analysis-Modi's populism after India election reversal puts public finances at risk

Summary

Nutrition label

79% Informative

Indian Prime Minister Narendra Modi's coalition has stepped up cash handouts, debt waivers and other freebies.

Modi 's Bharatiya Janata Party ( BJP ) lost its parliamentary majority in the April-June national election.

Opinion polls predict it could lose provincial elections due in Maharashtra, Haryana , and Jammu and Kashmir later this year .

Christian de Guzman , a Moody 's sovereign rating analyst, told Reuters there was "not going to be a fiscal blowout by any means (but) you're not going to see very drastic improvements as well". "The government right now is in a weaker position to hammer home material revenue measures as compared to prior to the (general) election," he said. ($ 1 = 83.9340 Indian rupees) (Reporting by Krishna N. Das and Aftab Ahmed in New Delhi ; Editing by Raju Gopalakrishnan ).