Modi govt - 2 yrs - your review requested

2 yrs is a reasonable time to review a government's performance.

I am not expecting you to ignore your political leanings. Go ahead state your views but support them with some logical arguments and objective evidence.

FDI, GDP, Interest rates, Inflation, new jobs, sector wise performance, law and order, religious riots, state and federal relations, corruption, street violence, rapes, political shenanigans - pick your focus.

My two cents:

Modi govt initiated many economic reforms that have far reaching impact.
FDI in Defense, Make in India will have far reaching impact. It will take time but they will help strengthen Indian manufacturing and create good, long term jobs.
Revival of infrastructure - Roads, Harbors, even waterway projects are started or revived. Railways seem to be entering 21st century.
Corruption in high places is absent so far.
Inflation is low, Interest rates are going down, and prices are in check.

On the negative side:
Minority biting on occassion
Modi missed one trick. All his initiatives are long term (that is a good thing) but since they take time to yield fruit, it allows political opponents opportunity to create negative propaganda. He could have implemented few short term impact projects.

India still seems to be siding with Modi and people are willing to give Modi the time till another 2 to 3 years.

We all know about your penchant for opening new threads for the topics that are already being discussed.

https://such.forumotion.com/t37609-speaking-of-luck

CD,

Your post is so silly I would not waste my time with it. If you have anything useful to say, post it here or any other thread. If I see it I will respond to it.

truthbetold wrote:2 yrs is a reasonable time to review a government's performance.

I am not expecting you to ignore your political leanings. Go ahead state your views but support them with some logical arguments and objective evidence.  

FDI, GDP, Interest rates, Inflation, new jobs, sector wise performance, law and order, religious riots, state and federal relations, corruption,  street violence, rapes,  political shenanigans - pick your focus.

My two cents:

Modi govt initiated many economic reforms that have far reaching impact.
FDI in Defense, Make in India will have far reaching impact. It will take time but they will help strengthen Indian manufacturing and create good, long term jobs.
Revival of infrastructure - Roads, Harbors, even waterway projects are started or revived. Railways seem to be entering 21st century.  
Corruption in high places is absent so far.
Inflation is low, Interest rates are going down, and prices are in check.

On the negative side:
Minority biting on occassion
Modi missed one trick.  All his initiatives are long term (that is a good thing) but since they take time to yield fruit, it allows political opponents opportunity to create negative propaganda. He could have implemented few short term impact projects.

India still seems to be siding with Modi and people are willing to give Modi the time till another 2 to 3 years.  

you wanted statements to be supported with objective evidence. w h e r e   i s   t h e   e v i d e n c e ?

for instance, you said, "revival of infrastructure  - roads, harbors, and waterways are started or revived. that's just your claim; it's an empty claim, since it's being made without any objective evidence to support it. 

at the very least, you should have reported the total value of (new) investment in infrastructure, the number of years over which it will be made, and the increase in gdp that that will cause in the next several years.

you also.say that inflation is low, and interest rates are going down. what is the latest inflation rate? what is a "low" inflation rate? 3%? 6%? 10%? what was the rate at the beginning of modi's term?

this is irresponsible reporting that is absolutely not credible.

I know what I posted. Do you have anything useful to add.

Now that you got some of your negative emotion out, post something on the topic.

truthbetold wrote:FDI in Defense, Make in India will have far reaching impact. It will take time but they will help strengthen Indian manufacturing and create good, long term jobs.

Did you get conformation of this prediction from Jyothishyendra baba before posting here?

truthbetold wrote:Revival of infrastructure - Roads, Harbors, even waterway projects are started or revived. Railways seem to be entering 21st century.

Projects have started!! now that in itself is a BIG accomplishment, isn't it? Thanks for raising the bar so steep.

http://www.dnaindia.com/india/report-two-years-of-modi-govt-manohar-parrikar-releases-booklet-to-highlight-work-done-by-defence-sector-2216978

"The booklet mentions a number of policy initiatives like relaxation in FDI Policy, providing Exchange Rate Variation protection to Indian industry, level-playing field to private sector in terms of excise duty/custom duty on par with public sector, liberalising licensing policy and extending the validity of Industrial Licensing to 15 years, streamlining defence offset guidelines and restoring services as an avenue for discharge of offsets, a statement by the Ministry said.

It also talks about ordnance factories and Defence Public Sector Undertakings (DPSUs) working under the administrative control of Department of Defence Production having not only enhancing their production from Rs 43,746 crore to Rs 51,351 crore but also delivering many state-of-the-art platforms to the armed forces. During the last two years, exports have almost doubled and 119 industrial licences have been issued.

Other highlights say that all naval ships and submarines on order are being constructed in Indian shipyards and expenditure on capital procurement from foreign vendors in the last two years has come down from Rs 35,082 crore to Rs 22,422 crore."

Involvement of private industry in defense sector, increase in defense sector, and decrease in procurement from foreign vendors mean more jobs in India and stronger foundation for make in india initiative.

truthbetold wrote:http://www.dnaindia.com/india/report-two-years-of-modi-govt-manohar-parrikar-releases-booklet-to-highlight-work-done-by-defence-sector-2216978

"The booklet mentions a number of policy initiatives like relaxation in FDI Policy, providing Exchange Rate Variation protection to Indian industry, level-playing field to private sector in terms of excise duty/custom duty on par with public sector, liberalising licensing policy and extending the validity of Industrial Licensing to 15 years, streamlining defence offset guidelines and restoring services as an avenue for discharge of offsets, a statement by the Ministry said.

It also talks about ordnance factories and Defence Public Sector Undertakings (DPSUs) working under the administrative control of Department of Defence Production having not only enhancing their production from Rs 43,746 crore to Rs 51,351 crore but also delivering many state-of-the-art platforms to the armed forces. During the last two years, exports have almost doubled and 119 industrial licences have been issued.

Other highlights say that all naval ships and submarines on order are being constructed in Indian shipyards and expenditure on capital procurement from foreign vendors in the last two years has come down from Rs 35,082 crore to Rs 22,422 crore."

Involvement of private industry in defense sector,  increase in defense sector,  and decrease in procurement from foreign vendors mean more jobs in India and stronger foundation for make in india initiative.

How is this any different from the previous government's modus operandi? indigenous development is what they were talking about too. There is not much difference between Antony & Parrikar except the latter comes across as a buffoon more often than not with his loud mouth and no-action-all-talk-and-constant-flip-flopping.

The original poster should added a condition:

Those opposed to Obama can only list his Positives and Obama's supporters to list the negatives.

CD.

Your characterization of Parrikar as a buffoon shows that either you do not understand the word buffoon or your political bias blinds you to reality. Antony has no known corruption scandals but is also not confused by anybody for action oriented.

CD is a muslim masquerauding as a hindu. Just like most typical muslims they are bound to oppose BJP per Koranic diktats bcz to them BJP is hindu. Good that the BJP has given up on muslims and unifying hindus and splitting muslim votes to consolidate hindu power.

truthbetold wrote:CD.
Your characterization of Parrikar as a buffoon shows that either you do not understand the word buffoon or your political bias blinds you to reality.  Antony has no known corruption scandals but is also not confused by anybody for action oriented.  

By your logic Parrikar is more than confused and full of hot air. Check his track record.

Solar power capacity rose to 6.9 GW by April 2016 from less than 0.5 GW in 2011. Credit goes to both UPA and Modi govts for the rise in capacity. However, growth picked up significantly since Modi's govt came to power.

https://en.wikipedia.org/wiki/Solar_power_in_India

Information on future electricity generation:

http://ieefa.org/wp-content/uploads/2015/08/IEEFA-Indian-Electricity-Sector-Transformation-August-2015.pdf

confuzzled dude wrote:

truthbetold wrote:CD.
Your characterization of Parrikar as a buffoon shows that either you do not understand the word buffoon or your political bias blinds you to reality.  Antony has no known corruption scandals but is also not confused by anybody for action oriented.  

By your logic Parrikar is more than confused and full of hot air. Check his track record.

CD,

You are limiting yourself to making unsubstantiated comments. I do not want to waste my time repeating the same comments 100 times a week.  

Counter my statements with any facts you can find. You have made lot of bombastic statements about modi govt failures. Now is your chance to back them up with evidence.  If not such forum can evaluate whether you or Parrikar is full of hot air.

This link provides data on a variety of spheres of Indian economy.

https://www.quora.com/What-has-the-Modi-government-achieved-since-coming-to-power

truthbetold wrote:
CD,

You are limiting yourself to making unsubstantiated comments. I do not want to waste my time repeating the same comments 100 times a week.  

Counter my statements with any facts you can find. You have made lot of bombastic statements about modi govt failures. Now is your chance to back them up with evidence.  If not such forum can evaluate whether you or Parrikar is full of hot air.

LOL! pot calling kettle black. OP itself is full of unsubstantiated comments nary a fact.

confuzzled dude wrote:

truthbetold wrote:
CD,

You are limiting yourself to making unsubstantiated comments. I do not want to waste my time repeating the same comments 100 times a week.  

Counter my statements with any facts you can find. You have made lot of bombastic statements about modi govt failures. Now is your chance to back them up with evidence.  If not such forum can evaluate whether you or Parrikar is full of hot air.

LOL! pot calling kettle black. OP itself is full of unsubstantiated comments nary a fact.

Hot air #2.

truthbetold wrote:2 yrs is a reasonable time to review a government's performance.

I am not expecting you to ignore your political leanings. Go ahead state your views but support them with some logical arguments and objective evidence.  

FDI, GDP, Interest rates, Inflation, new jobs, sector wise performance, law and order, religious riots, state and federal relations, corruption,  street violence, rapes,  political shenanigans - pick your focus.

My two cents:

Modi govt initiated many economic reforms that have far reaching impact.
FDI in Defense, Make in India will have far reaching impact. It will take time but they will help strengthen Indian manufacturing and create good, long term jobs.
Revival of infrastructure - Roads, Harbors, even waterway projects are started or revived. Railways seem to be entering 21st century.  
Corruption in high places is absent so far.
Inflation is low, Interest rates are going down, and prices are in check.

On the negative side:
Minority biting on occassion
Modi missed one trick.  All his initiatives are long term (that is a good thing) but since they take time to yield fruit, it allows political opponents opportunity to create negative propaganda. He could have implemented few short term impact projects.

India still seems to be siding with Modi and people are willing to give Modi the time till another 2 to 3 years.  

Focusing on economy.

Path Breaking
- Focus on Solar Energy & other avenues to improve the power situation.
- Making KYC mandatory for Participatory Notes. 
   (This was introduced by Congress, and was used to recycle Black Money as White 
- Focus on Cleanliness at PM level  (ultimately it should help tourism)
- Devolution to states and Dissolving PC which was used as a tool to play favorites
  (Much more money goes to states because NDA adopted devolution recommendations in toto)
- Jan Dhan Bank accounts with overdrafts for poor people and MUDRA
- Make in India concept
- Gold Deposits to get breathing room on CAD
- LPG Subsidy return and Savings 
- Move to use CPI instead of WPI as inflation indicators by RBI
- Coming clean on NPA's in the PSB Balance Sheets.
- Transparency in auction of national resources with a reasonable split between centre & States
   and some ground level work to reduce Corruption at High places
- Regulatory reform (removing old laws, simplifying procedures) 


Needs Improvement
- Big great plans for transportation (Waterways & Railways) - not completely fructified yet
- Focus on Internal Black money (Getting more people to pay taxes) 
- Follow through for Jan Dhan and poor people banking to eliminate ghost accounts.
- Stalled Projects have started moving again but not fast enough
- Skill development focus is great (but I am not sure implementation has been good, private sector needs to chip in) . Buzzwords need to be translated to ground level action.
  and a nodal agency that figures which kind of skill is needed for the next 10 years is required.
- Not doing enough to curb corruption at lower levels. Sending out a stern message is important and
  so is improving salaries for law enforcement.
- Social security net, pension for  unorganized sector

Negatives
- JOBS for teeming Masses (directly linked to high interest rates for Industrialists, but still a lot 
   could have been done, Skill India remain buzzwords but without extensive private participation
   and unless done in a co-ordinated fashion will not yield the desired result)
- Handling of External Black Money issue and the perception that NDA has not done enough
- Management (We need a MITI kind of ministry to support private sector and plan for long
   term improvement in technology, so that India can get a slice of Jobs in Industries of the future)
   China is well ahead of India here. It is leader in Robotics & Drones, 
   on Par with the west on Telecom, Nanotechnology  and other sunrise industries 
- Tourism infrastructure not realized yet.
- Labour reforms needed to unleash Job Growth not there yet
- Agriculture has not been improved (Still Low Yields, Crop Insurance etc.. has not been fructified)
   The perception of Farmer Suicides indicates that something is really wrong implementation. 
   Ram Vilas Paswan needs to step up here.
- Land Reforms (Digitization) and title insurance could have unlocked wealth. But nothing done on
   that. Extending the Andhra Pradesh model for Land Acquisition throughout the country is vital. 
- External Debt has not come down fast enough.
- High Price in Oil is still a significant threat (- GDP Growth still fragile, if Oil prices go high it can wreck it)
- Inflation still high 
- Follow up on Cleanliness has not been great.(People are not supporting Modi here)

a detailed assessment:

http://www.frontline.in/cover-story/good-days-yet-to-come/article8700905.ece

eta: i am yet to read the article. it was forwarded to me by a friend. posted on this thread because it seemed relevant.

MaxEntropy_Man wrote:a detailed assessment:

http://www.frontline.in/cover-story/good-days-yet-to-come/article8700905.ece

eta: i am yet to read the article. it was forwarded to me by a friend. posted on this thread because it seemed relevant.

The report essentially points out that the Modi regime over the last two years as compared to UPA I, UPA II and NDA in the areas of GDP growth, ease of starting or doing business, and reduction of corruption hasn't done a better job as promised in the elections. The "din" hasn't turned out to be as "acche" as promised.

The context of economy when a party started govt must be studied.

NDA lost 2004 election before they can show the fruit of the policy changes they bought. World economy was recovering from 2000 recession and 2001 attack on world trade center.

UPA 1 reaped most of the benefits of NDA govt policy decisions.
2004 to 2008 was a high growth and easy money era in world economy. Exports were easy to make. Remittances from oil rich gulf were at max.

UPAII revealed the self destruction of congress. Its corruption resulted in economic stagnation. It left India with major problems in gathering land for projects resulting in public Private projects getting stalled, huge corruption scandals, and staggering non performing loans of financial institutions.

Modi stepped into govt in the economic mess left by UPAII. World economy is in remarkably slow growth period. Exports are falling across the world. While low oil and commodity prices have helped some parts of Indian economy, India's could not take advantage of these low prices due to export recession.

On policy front, Modi govt did what ever they can through Lok Sabha. Obstructionist Congress became dead weight in Rajya Sabha. GST and Land bill are two examples. Many non partisan economic experts said those policies could boost GDP growth significantly.

The most important metric for Modi is growth of jobs to spread the fruit of economic growth to more people. If Modi cannot show visible job growth by 3rd or 4th year , then he will find going tough on 2019 even if GDP numbers are high. Whether world economy is good or not does not matter at that time.

Unfortunate consequence of Modi's failure is the default win of alternate national party under the leadership of Rahul Gandhi.

By that logic Clinton (Slick Willie)  reaped the benefits of the policies of the  Republican presidents.

And Obama of the policies of GWB era.

here are 2 lists of modi achievements as compiled by dr. thanjai nalankilli

http://www.tamiltribune.com/16/0101.html

http://www.tamiltribune.com/16/0501.html

Good interview yesterday with Raghuram Rajan on the Indian economy. 

Hellsangel wrote:By that logic Clinton (Slick Willie)  reaped the benefits of the policies of the  Republican presidents.

And Obama of the policies of  GWB era.

Hell,

By that logic means what?

The information I posted is about specific situation. Sometimes it takes time to create foundations of growth.

Biggest explosion of economic growth in Clinton came after 1996.

Obama cleaned up the mess created by GWB and growth was linked to recovery efforts after 2008 shock/ GWB's policy of large tax breaks to rich people only to large deficits and no measurable growth in job creation.

Similarly, UPA's good performance came in early years following NDA's good work. The corruption and bad policies left India in an economic mess since 2011 to 2014 and beyond.