One can never forget the landslide victory the BJP had enjoyed in the 2014 general assembly elections in India. The entire world sat up and took notice of that one man who single handedly led the party to victory, and finally took his rightful place on the Prime Ministerial chair, Narendra Modi.
The BJP managed to achieve this win in spite of its strict Hindutva policies, which had put the party in trouble many times in the past. One can surely say that is was Modi’s promise of ‘Ache Din’ (Happy Days) that changed the minds of the voters and choose him to lead the country.
Modi was quick to start working immediately after assuming office. The PM has formulated a 10 year development plan and asked to be judged according to his governance during these 10 years. However, the world we live in today is ruled by an urgency to meet needs at the shortest time possible. Hence, Modi would most probably be scrutinized by his voters over a much shorter period, say five years. With the initial euphoria of understanding the man and his abilities gone down now, there is no doubt that each and every step of Modi will be closely watched by followers and opponents alike to see if he can deliver his promise of ‘Ache Din’.
Promise on Economic Management
In a country where economic differences are aplenty, one can expect the stock markets to ride on anything but sentiments. However, Modi’s win in the assembly elections was a clear indication of the high hopes India and its people had invested in him. Modi’s moves as PM have also shown signs of tremendous improvement on the nation’s economic front, with the former regenerating the global interest of doing business in India.
There is no doubt that a number of countries are ready to invest big and set up shop on Indian shores. However, the nation still has a number of loopholes to close before actually opening its doors to the world. Accordingly, Modi will have to oversee a couple of these loopholes himself to ensure the improvement of ease of doing business in the country. These include establishing a national market with a strong goods and services tax (GST), the creation of a solid budget for 2015 with the help of a stable tax regime and the paving the way for manufacturing by clearing the Land Acquisition Act off socialist impediments.
Promise on privatization and capital expenditures
India suffered huge losses in the public and private sectors during the UPA regime. In order to thwart these losses and help the nation get back on its feet, Modi would need to stand by his campaign promise and urge the private sector to increase its capital. One can take the Gujarat development model as an example for the same.
The entry of Tata Motors’ ambitious ‘Nano’ project in Gujarat back in 2008 when Modi was the Chief Minister of the State put the latter on the national as well as global map. Taking a leaf from his previous achievements, Modi would be able to replicate this effect for the entire country if he encourages similar big ticket decisions that would fuel the ‘Make India’ initiative.
Promise on political stronghold
Unlike the AAP which did a blink and miss act at the general elections in 2014, Modi would need to assure the people of India that he (as well as the BJP) is here to stay. As such, he would need to retain the political initiative that helped him win the elections in May. In fact, the state assembly elections that took place between October and December last year indicate that the BJP has been able to bask in the success of NaMo and secure vote banks for the party on the whole.
Continuity of this notion would give a strong message that India does not need to worry about dynasty or coalition politics anymore. Since politics and economic growth are inadvertently linked with one another, Modi would need to ensure that he maintains a strong balance between the two to fuel India ahead towards happier days, just like he promised.
The focus of India as well as the entire world is now on Indian Prime Minister Modi who is all set to deliver his promise of making India see happier days in the next 10 years. With everyone’s eyes on him, Modi would need to be extra cautious about his ambitious plans and would need to work on the economic and political fronts to enable the same.