Re:India's pro-business Modi storms to historic election win
by snambi on Friday May 16, 2014 @01:22PM
(#7756615)
Very good point. Ultimately economics wins. Poeple of india are aspiring to raise, they want to work hard and lead a honest and good life. Congress party never helped people to grow, their main agenda is always divisive ( religion ) and populist.
Re:India's pro-business Modi storms to historic election win
by cmadan on Friday May 16, 2014 @01:35PM
(#7756683)
Here are the GDP growth rates of India.
BJP Government
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1999 - 8.8%
2000 - 3.8% (Dotcom bubble busts)
2001 - 4.8%
2002 - 3.8%
2003 - 7.9%
Average GDP growth during BJP government - 5.82%
Congress government
----
2004 - 7.9%
2005 - 9.3%
2006 - 9.3%
2007 - 9.8%
2008 - 3.9% (Recession hits)
2009 - 8.5% (Congress is re-elected for another 5 years)
2010 - 10.3%
2011 - 6.6%
2012 - 4.7%
2013 - 4.8%
Average GDP growth during Congress government - 7.51%
Considering that Narendra Modi has frequently pushed the GDP growth he achieved as the Chief Minister of Gujarat in his election campaigns, I think it is fair to recognise that on a whole, that atleast in terms of GDP, Congress did much better than BJP.
(I voted for neither BJP or Congress, so I'm unbiased on this)
Re:India's pro-business Modi storms to historic election win
by 3apo on Friday May 16, 2014 @01:50PM
(#7756761)
Do you have numbers for the inflation as well?, which has more direct impact on the people than GDP. I know people were scandalized when onion prices increased 300-400% last year. For right/wrong reasons, congress got blamed for that.
[1]http://blog.foreignpolicy.com/node/1448580 [2] http://www.openthemagazine.com/article/nation/time-for-trans... Almost every economic indicator has turned adverse. In the 10-year period, growth nearly halved from 8.1 per cent to 4.9 per cent, inflation more than doubled from 3.8 per cent to 9.5 per cent, and food inflation rose nearly 10 times from 1.3 per cent to 12.8 per cent.