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Like it or not Pro-business is probably why Modi was elected. Every economic indicator in India went downhill since the BJP has been out of power for the last d
by 3apo 12y ago
Like it or not Pro-business is probably why Modi was elected. Every economic indicator in India went downhill since the BJP has been out of power for the last decade[1][2] - IMO the single biggest contributing factor to get Modi elected.
Indians have a short memory, the 2002 riots and other religious issues are not as relevant to the people as they used to be.
[1]http://blog.foreignpolicy.com/node/1448580 http://blog.foreignpolicy.com/node/1448580
[2] http://www.openthemagazine.com/article/nation/time-for-transformation http://www.openthemagazine.com/article/nation/time-for-trans...
Almost every economic indicator has turned adverse. In the 10-year period, growth nearly halved from 8.1 per cent to 4.9 per cent, inflation more than doubled from 3.8 per cent to 9.5 per cent, and food inflation rose nearly 10 times from 1.3 per cent to 12.8 per cent.
- z3phyr 12y agoPeople all over the world pretend to have short memory because they want to move on away from their pasts.
- snambi 12y agoVery good point. Ultimately economics wins. Poeple of india are aspiring to raise, they want to work hard and lead a honest and good life. Congress party never helped people to grow, their main agenda is always divisive ( religion ) and populist.
- cmadan 12y agoHere are the GDP growth rates of India. BJP Government --- 1999 - 8.8% 2000 - 3.8% (Dotcom bubble busts) 2001 - 4.8% 2002 - 3.8% 2003 - 7.9% Average GDP growth during BJP government - 5.82% Congress government ---- 2004 - 7.9% 2005 - 9.3% 2006 - 9.3% 2007 - 9.8% 2008 - 3.9% (Recession hits) 2009 - 8.5% (Congress is re-elected for another 5 years) 2010 - 10.3% 2011 - 6.6% 2012 - 4.7% 2013 - 4.8% Average GDP growth during Congress government - 7.51% Considering that Narendra Modi has frequently pushed the GDP growth he achieved as the Chief Minister of Gujarat in his election campaigns, I think it is fair to recognise that on a whole, that atleast in terms of GDP, Congress did much better than BJP. (I voted for neither BJP or Congress, so I'm unbiased on this)
- 3apo 12y agoDo you have numbers for the inflation as well?, which has more direct impact on the people than GDP. I know people were scandalized when onion prices increased 300-400% last year. For right/wrong reasons, congress got blamed for that.
- cmadan 12y agoThe GDP numbers provided above are adjusted for inflation. Which means it is the GDP growth rate AFTER inflation is taken into account.