New Delhi: Prime Minister Narendra Modi and BJP's victory in Uttar Pradesh is a clear public mandate for his demonetisation policy, which at best was a political gamble which he had played just three months ahead of the polls in the politically crucial state.
Now buoyed by the victory, the Prime Minister could now go for an all out war against "corruption", which will include targeting benami properties, a renewed campaign against black money, as well as focussing on accelerating economic reforms.
The saffron party's convincing performance in Uttar Pradesh and also in Uttarakhand is likely to reflect in the stock markets, which could touch a new all-time high and the Sensex may even cross the 30,000 mark when they open next week, analysts said.
The fact that BJP managed to get around 40 per cent vote share of various significant communities of Uttar Pradesh like OBCs, Yadavs, Jats and Muslims, indicates that somewhere down the line the feeling among the downtrodden that Mr Modi made the 'rich and the influential' stand in queues for cash during demonetisation, did the trick for the party.
