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Comparison of NDA v/s UPA government. Has Narendra Modi’s government even achieved the projected GDP growth during his tenure or lagged the expectations of the Indian citizens?

Concrete Debates have been conducted to prosper comparison between the UPA-led Manmohan’s Singh Government with the NDA Government of Narendra Modi. Whatever the studies suggested in the past tenure, the relevancy of the comparison study arises express of opinion is required on the sustainable issues continuing from the rule of the Congress Government.

According to a recent survey, the majority of Indian citizens do not have the reassurance on the NDA-led Government to furnish a resolute economic performance to enhance the growth in India. The knives are out for Modi’s government as it fails to drive the economy into a substantially leading position. Despite the promises made during the commencement of the BJP regime back in 2014-15.

OATHS MADE DURING THE EMERGENCE OF THE NDA MODI REGIME

upa vs. nda: from bad economics to good economics

Although Narendra Modi’s vision was to reform the tradition of economic activities in India by being self-reliant and self-sufficient, it has lagged in at least contributing to provide relief measures and uplift the stagnancy in the different sectors.

The objective assured to the people was logical in the sense that India is the second-largest populated country in the world and with efficient government spending across various sectors, India could become a self-sufficient independent force in the global world.

The Modi government – which was doubly blessed by a historic mandate from the people and three years of low oil prices, had an opportunity to enact widespread reform. Instead, the government became a questionable identity with its lack of initiative towards reforming the nation.

WHAT DID THE SURVEY SUGGEST, AND HOW ILLUSTRIOUS WAS IT TO UPHOLD THE ECONOMY?

The Mood of the Nation survey was conducted in 97 parliamentary constituencies in 194 assembly constituencies across 19 states in India. A total of 12,021 respondents were interviewed, which includes 67 percent from rural areas and the remaining 33 percent from urban areas of the country. The survey was conducted in several states, including the likes of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.

The scenario today does not hold the same integrity and privilege that it had during the ruling party of Manmohan Singh, as such discreteness only illuminates the beginning of dark times. The UPA government allowed the customers to have subsidies and easy business policies to prosper and excel in the dynamic market. The dilemma today exceeds the limit of scarcity and poverty. The resources which provide a boost to the economy are now massively enhanced despite the ongoing crisis of the coronavirus pandemic in the global world.

Has the evolution been made by the current government, or has it failed the citizens’ expectations?

upa vs. nda: from bad economics to good economics

When the reigns of Indian parliament passed on to the BJP government back in 2014-15, the lack of administration was the eccentric reason to which Indian citizens scrutinized the Congress, has the criticism persuaded into improvements, or the scenario hasn’t remodeled even a squeeze in the tenure of Modi’s government?

In 2016-17, a large section of the informal economy, which forms a significant portion of the Indian economy, was severely hit by demonetization. Hence, the question: how did the economy grow at 8.2% during the year?

The quality of economic data of India has come to scrutiny for quite some time now, but what could be the substantial reasons behind the adamant questioning by Indian citizens is still to be figured out; We analyzed the various factors and compared them with the strategies of both the governments. And came out with an overview of the following:

Petrol Prices

Unsurprisingly, the curse has followed its pathway into the Indian system with the ill-governance of BJP. In 2014-15, the amplitude of the revolution of BJP was due to the higher petrol and gas prices during the Congress regime. The high prices were understandable in 2013-14, as the international crude oil prices were at their peak, but to have such a hike even after the coronavirus crisis is shocking and bizarre in today’s world.

Diesel Prices

Cutting the tax rates on diesel prices only once during his entire tenure in October 2018 by 2 percent and still blaming the reforms practiced by the previous government has all to say about the conjecture of Narendra Modi’s rule. The price trends were the sort to be brought down, but the scale has turned the tide and a more emphatic problem arises to the Indian Citizens.

Unemployment Rate

The unemployment rate is a significant factor in deploying the GDP growth of India, as the resources are scarce and wants are unlimited. The promise of 2 crore jobs just created a false narrative in 2015, but soon the situation was unfolded as the year saw the most number of unemployed people in nearly a decade.

Gas Cylinder Prices

Subsidy on gas cylinders was an influential reform for the families but now has been rescinded by the government. In the initial phase of the financial year 2014-15 when the reign was handed over to Narendra Modi, the subsidy criteria was well handled by Congress earlier.

Milk Prices

upa vs. nda: from bad economics to good economics

Along with the rise in milk production in India, there has been a spike in milk prices as well during the last five or six years. There has been an increase in procurement and selling price of milk over the last year, with an average increase of Rs. 4.02 per litre and Rs. 3.73 per litre, respectively. In regards to the per capita consumption of milk, the rural people contribute much to the production of milk, and yet they suffer from the high inflation rates every quarter.

Crime Rate

Sexual harassment and domestic violence is a punishable offense under the jurisdiction of Indian law. How civilized or criminal a nation depends on the number of crimes committed by people living there. In India, it is calculated in the number of crimes per one lakh of population. This is called the crime rate. The crime rate in India in 2013-14 each incident filed under a single FIR but after the emergence of Narendra Modi’s government, only the most heinous crime will be punishable. The one that attracts maximum punishment will be considered as a counting unit.

Debt On India

Since the oath of Prime Minister Narendra Modi in 2014, India’s external debt has triggered an enormous figure of 118 billion dollars. While the aim was to objectify the debt rate to a minimal amount, it has now become a perplexing issue for the government to repay the debt in other currencies.

Electricity Rates

Electricity is the primary accusation of every household in India, but the problem has only depleted since the inauguration of Narendra Modi’s regime. Back in 2013-14, the electricity tariff per unit was 2.80 at maximum, in 2018-19 it has almost reached the figures of 4.50 at maximum, isn’t it a drastic revolution when you look at the evolution of the digital world today.

Railway Fare

Traveling through railways has always been the trend for everyone in India, with the uncertainty over prices of railway tickets emerging constantly. While the rates were stood at 1413 rupees in 2013, they have surged up to 2300 in the reign of the BJP. While many claims were made to ease the travel guidelines for the public, it has completely not lived up to the expectations.

Airfares

The proportion of people traveling through domestic and international channels has spiked in India, as more people enticed the thought of exploring different places of the world. With different sets of income prevailing among the people, the airfare should be an economical and affordable one for the citizens of India. In 2013-14 under the reign of Congress, the airfare priced at half the rates of what they are today. Recently, the price hiked up to 30 percent for the flight passengers to travel within India.

Station Fare

The evolution of making India a developed nation has been grounded to the roots, as even the station ticket platform has increased from Rs 5 to Rs 50 in the governance of Narendra Modi. What more could go wrong is the question under the scrutiny?

Taxes On Education

Social and economic progress in any developing nation is based on its ability to leverage human capital. In the past few years, public discourse has revolved around the distinct demographic dividend that India possesses. News surfaced around the implementation of GST that the admission-related education of the higher grades would come under the bracket of 18% GST, how can a successfully run administration even think of taxing the education system of a developing nation like India.

The farmer’s betrayal

Although food inflation decreased during the BJP regime, it hindered the progress of the farmers across India. The implementation of the Farmers bill is a brutal way of exploiting the farmers’ interests by leaving them stranded by their guards of selling the products without the support of the Government.

Handling of the Kashmir Problem

This government has held the definition of underconfident and an atrocious leader as there were more soldiers martyred in the first three years of the BJP regime as compared to Manmohan Singh’s government, as the credit of having alienated the Kashmiri people from the rest of India through a poorly thought out engagement policy goes to this current system. Following that, there have been 52% more violations of the ceasefire agreement along the Line of Control in the current politics network than the Congress-led government.

Tanish Sachdev

Tanish seeks new opportunities as a professional content writer and writes on several fundamental topics like businesses and economics. The focal point remains on expressing opinions on critical aspects concerning the economy.

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