Modi Government’s economic report card

by Madhvi Bansal
modi

Ministries under the Modi Government are now set to play the second inning after the poll results 2019.  And, it’s the right time to look back and look ahead. It is interesting to know how the report card of Modi’s government looks like in the past five years that has enabled BJP to confirm its victory in Lok Sabha elections 2019 as well.  During the election campaigns, Modi left no stone for raising the expectations of economic revival in the country. He had not only promised but also fulfilled them to a great extent. The government hit the running ground by launching a number of programs and schemes within two years of forming Modi’s government. Later, the arbitrary decision of demonetisation was a major hit.

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Focus on quality of Education

In the education sector, Modi Government had fared the related ministry on improving the quality of education. National achievement Surveys for children were done to identify how abysmal the learning standards are. This led to the amendment in Right to Education Act 2009.

Performance on the agricultural front

According to the reports of Central Statistical Office, India’s GDP rate in the fiscal year 2019 is brought down to 7% from 7.2%. Although, India has climbed to 23 ranks in the World Bank’s Ease of Doing Business rankings still it is one of the poorly performing economies. A reason for the sluggish rate of economical growth as stated by the economists is the poor performance of the agriculture sector.  Farm crisis had worsened in the beginning of the Modi’s government. New ideas like use of neem-coated urea, crop insurance etc but they did not worked. In the last five years, Modi’s government failed to bring in required reforms in agriculture sector. Higher prices of the produce were not ensured to the farmers and many more plights are there to discuss. This had overall led the Modi’s government to shift their aim of doubling the farmer’s income from 2019 to 2022.

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Modi’s Government scored on GDP, Jobs, Inflation and infrastructure

Economic growth of 7% was achieved by the country during first tenure of Modi government. Along with this, the inflation rate was kept low. Unfortunately, revision of GDP data could not help the government to let the economy to grow fast. Counting the government’s efforts to create new jobs, opposition always had questions about the visible results. Modi’s government had done a good work in the development of Infrastructure.  It claimed to had constructed 34km of road per day which earlier was 11.2 km per day during the UPA government.

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