Narendra Modi’s one year ledger
9 years, 10 months ago

Narendra Modi’s one year ledger

Live Mint  

The National Democratic Alliance government inherited an economy slowly recovering from crisis. It has since placed India’s economy on firmer footing while simultaneously implementing several reforms: transforming the Planning Commission, raising foreign direct investment limits, conducting natural resource auctions, among others. In the Finance Bill, the government introduced two financial reforms, but withdrew them on the day of voting, even though there was no political opposition. Technically, most administrative reforms are within the government’s powers, and, as money Bills only require the Lok Sabha’s assent, so are revenue and expenditure reforms. India’s experience suggests that political manoeuvring, inside and outside Parliament, is essential to bolster supportive interest groups, incentivize/outmanoeuvre opponents, communicate the urgency of the reform, and counter discrediting narratives.

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