Lok Sabha 2019 elections are around the corner. The ruling party is busy claiming its achievements and opposition parties are engaged in highlighting the shortcomings of the government.
We attempted to create a score card that compared the performance of the following governments on various macroeconomic parameters:
Unfortunately, economics is a game of leads and lags. And like the investments made during various tenures, the translation of policies into progress has a gestation period too.
Political parties may be aware of these lead and lag effects but they conceal them from you to gain political mileage, as per their convenience.
That being said, let’s take a look at the hard, cold numbers…
Some might argue that the NDA governments carried the baggage of bad policies from their previous governments and vice versa. On the flip side, the UPA governments had the advantage of inheriting building blocks in place—i.e. lower inflation, strong fiscal indicators, stronger currency and even tougher policy decision and investment programs. Nonetheless, the NDA governments too had their share of headwinds and tailwinds.
The juggernaut of our economy keeps chugging on, on the back of the consumption boom, which will continue for many more years, albeit, sometimes losing momentum due to a slowdown in investment in infrastructure and government spending. The true indicator of Kiske Saath Kitna Vikas will have to be measured by how many more people had their incomes rising in the periods under consideration. As the populace moves up the class ladder (from low to mid income and so on), the governments who can fulfil their growing aspirations for a better life, dignity, clean administration and efficient execution will be the winners.
Do write in to us at firstname.lastname@example.org and let us know what you think…
Disclaimer: Ventura Securities Ltd has taken due care and caution in compilation of data for its web blog. The information has been obtained from different sources which it considers reliable. However, Ventura Securities Ltd does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Ventura Securities Ltd especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its web blog. The information provided herein is just for the knowledge purpose and shouldn’t be construed as investment advice under any circumstances.