Needless to say, the Modi-led NDA government has not failed to impress this year. The stock markets have been an example to occult ability of the advancements in the economy, and the comparisons of the same. On Tuesday, May the 25th, the Modi-led NDA government completed one whole year in the office. According to TOI, the panellists rated this government 7.5 out of 10.
The votes were thus over his effect on the business growth and economy, which forms the backbone of the stock market.
The World Bank’s President too, was all praise for PM Modi’s year in power. He said that Modi has taken visionary steps towards ending poverty” and said the world needs “more leaders like you”. The praise took Twitter on a hurl, where Yong Kim tweeted, “Congratulations, @narendramodi, on one year of visionary steps toward ending poverty in #India. The world needs more leaders like you.”
Mr Modi thanked him for the appraisal by tweeting, “@JimKim_WBG Thank you so much! All of us have to work together to make our world a better place & particularly to end the menace of poverty.”
Over the economical part, the participants in the TOI round table have asserted that despite the current weakness in the markets on the back of poor corporate earnings, nervous foreign portfolio investors (FPIs) and other global factors, they see an average upside of up to 18% in the Sensex in the next 3-5 years.
The measures taken by the Government are optimistically expected to soar the expected corporate earnings and growth over the next few quarters.
Prime Minister Modi should be appreciated for his astute way of approaching most issues like economic and legislative reforms and cleaning the system of associate capitalism, having introduced ‘good governance’ too.
For a start, PM Narendra Modi has not only instilled a sense of sanguinity in the minds of people but also changed pessimistic, incessant thoughts of the India Inc.
However, the pitfalls of the government should not be overlooked. We have to face the fact that the government’s inability of creating new job opportunities. Barring that, the way corruption was being handled appeared to be very uncanny . It was observed that corruption was effectively dived at higher levels but not on the local or state level, resulting in persistent difficulty in conducting businesses.
The issue of Minimum Alternate Tax- MAT could have also been more effectively tackled. The MAT was a capital reason why the foreign investors took out almost Rs 17,000 crore in just two weeks.
Modi’s Swachh Bharat Abhiyaan, Jan Dhan Yojaana, Make in India have initiated good work but does not have a firm groundwork. “Getting endorsements from the classes and forgetting the masses” is suspected to be the result.
Tags: BJP india Modi Narendra Modi NDA
