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Vajapyee's 182 was bigger than 303.
ABV took some of the toughest, most unpopular decision in National Interest.
He defied many strikes, including one by Telecom employees to put India on path of growth
ABV took some of the toughest, most unpopular decision in National Interest.
He defied many strikes, including one by Telecom employees to put India on path of growth
Vajpayee inherited an economy with Inflation of >10% and growth of <5%. Similar to what Modi inherited in 2014.
Despite facing toughest Global sanctions(Nuclear tests), ABV steered economy to 8% growth(and 5% inflation).
Despite headwinds of low oil prices, Modi cudnt touch 8%
Despite facing toughest Global sanctions(Nuclear tests), ABV steered economy to 8% growth(and 5% inflation).
Despite headwinds of low oil prices, Modi cudnt touch 8%
Some of the tough decision Vajpayee took include cutting down the Govt size and expenditure in long term:
-Ended pension for Govt employees(if not, India wud hv banckrupted by now)
-Limited the size of council of Ministers
-Dis-invested in loss making PSUs
-Reduced interest rates
-Ended pension for Govt employees(if not, India wud hv banckrupted by now)
-Limited the size of council of Ministers
-Dis-invested in loss making PSUs
-Reduced interest rates
* yes, tailwinds. Thanks!
Indeed, Vajpayee lost and we faced the #DecadeOfDecay.
And in that sense, Modi's strataegy to focus on a re-election, by sacrificing some growth is superior to that of ABV.
However, what doesn't explains is why Modi has started the 2nd term a sissy on economy.
And in that sense, Modi's strataegy to focus on a re-election, by sacrificing some growth is superior to that of ABV.
However, what doesn't explains is why Modi has started the 2nd term a sissy on economy.
And to be clear, Modi too did a lot of tough, unpopular reforms during his first term, including GST.
Modi's first term was perfect.
However, with a mandate of 303, Modi's 2nd term so far has been deeply disappointing. Shockingly listless.
Modi's first term was perfect.
However, with a mandate of 303, Modi's 2nd term so far has been deeply disappointing. Shockingly listless.
And a budget.
Budget, which states the intent of the Govt.
And the stated intent is to soak the rich, and pay lakhs of crores in running the BSNLs,
Budget, which states the intent of the Govt.
And the stated intent is to soak the rich, and pay lakhs of crores in running the BSNLs,
Look at the kind of things FM is talking about.
Does this inspires confidence?
All they have is symbolism. Which doesnt work on the investors.
It's as if she has been brought in to scare away all investment.
Does this inspires confidence?
All they have is symbolism. Which doesnt work on the investors.
It's as if she has been brought in to scare away all investment.
