Demonetisation hit informal sector hard and caused job losses which was not addressed by the budget, Moily said.
'The confidence of the Opposition will go up and alliances will be easier to form if it becomes apparent that the BJP is losing ground in the north of India,' says Aakar Patel.
'Extravagant new promises can buy him time, but far from solving the problem, they compound the risk.' 'His main alternative is to stress not aspirations, but resentments.' 'He has already de-emphasised aspirational appeals: Nothing has been heard for over two years of the coming of achhe din,' points out James Manor.
'The strange thing about the Karnataka election is that the BJP looks more like the Congress of the past and vice versa.' 'Siddaramaiah has been able to out think the BJP almost every single day on every single issue.'
'Anti-incumbency, especially in Maharashtra; the BJP's success in creating a new social coalition; and the sheer force of the party's campaign which overwhelmed its opponents,' argues Praful Bidwai, brought the BJP victory in Haryana and Maharashtra, not the Modi effect.
