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In May 2014 when Narendar Modi was elected the Prime Minster of India the public mood was sullen, angry and despondent. Years of misgovernance,dynastic rule, and the loss of political authority by the then Prime Minister, Man Mohan Singh, had taken a heavy toll; there was utter lawlessness all around, there was a slide in investor confidence, the Indian Economy was melting and the public deficit was alarmingly high. It did not appear that things would improve. The Indian Electorate chose togive a decisive mandate to the BJP and Narendar Modi became the Prime Minister. Unlike his predecesors, Modi hit the ground running. Realizing that public perception was venmentlty against the shenanigans of politicians, he made his Ministers walk a tight rope. They were not given the private staff of thie choice and the Prime Minister had a direct meeting with the senior officers and impressed upon them the mantra that the Government must perform and he will not accpt any excuse for non performance. This is the first time in post Independent India that the political executive has clearly spelled out the vision of governance. Corruptionhas already started declining and Government files which were pending clearnace were disposed off. Man Mohan Singh has limited authority over matters of State and he preferred to fragment his authority even further by creating what he called Tmpowered Groups of Ministers to take decisions on important and controversial issues like OIl Pricing, Fertilizer subsidies, Gas Subsidies etc. The net result no decion was taken and when on the rare ocassion a decion was taken as in the Ordiance making sovicted politicinas eligible for public office the dynastic mascot of the time, Rahul Gandhi famously opposed it and the matter was shelved.
On 100 days things have visible improved. Food inflation and prices have started coming down. Even the proce of petrol has come down. The Government of India, in spite of an anticipated drought, has predicted a 6% growth in the GDP. Environmental clearnaces which held up a large number of infrastructural projects have been given the green signal and in the defence sector Foreign Direct Investment to the tune of 49 % has been suggested which will push up the growth rate even further. The Judges Appontment Bill which was held up for a long time has been passed and the dismantling of the Collegium System which seems tro have been misused by a few Chief Justices has been abandoned. The passage of the insurance Bill will also ensure foreign equity in this sector of the economy. The Modi Government has taken a leaf straight out of the experience of China: economic growth is the only way out of the pivertuy trap. Generations of Indian economists who have had their trining in fashnionable western univeristies have always advocated a model of growth in which the govewrnment is the prime mover. Now the peidulum has swung toward the private sector and Government will facilitate enterpreneurship.
The Address delivered on Independence Day (we have given a write up on this blog) hgihlighted all the important issues confronting the Nation and Modi did not shy away from talking about them. He stunned the country by stating very boldly that the violence against women for which India has become nototious can be stopped only if boys are brought up properly within the family and I think his message has gone home. His financial inclusion scheme will be regarded as a milestone and the largest expansion of banking services ever undertaken. Modi has shown the will to deliver on his promises.
There are however areas that have not yet caught his attention. Education in India is nowhere near even Asian standards let alone global standards. He has to address this issue and I am not sure if his Minister, Smrithi Irani has the intellectual capability for such a task. There is need to increase power generation as India will need ahuge ammount in the next 5 years. The agreement with Nepal will surely help. Modi has also outline the River Linking
In May 2014 when Narendar Modi was elected the Prime Minster of India the public mood was sullen, angry and despondent. Years of misgovernance,dynastic rule, and the loss of political authority by the then Prime Minister, Man Mohan Singh, had taken a heavy toll; there was utter lawlessness all around, there was a slide in investor confidence, the Indian Economy was melting and the public deficit was alarmingly high. It did not appear that things would improve. The Indian Electorate chose togive a decisive mandate to the BJP and Narendar Modi became the Prime Minister. Unlike his predecesors, Modi hit the ground running. Realizing that public perception was venmentlty against the shenanigans of politicians, he made his Ministers walk a tight rope. They were not given the private staff of thie choice and the Prime Minister had a direct meeting with the senior officers and impressed upon them the mantra that the Government must perform and he will not accpt any excuse for non performance. This is the first time in post Independent India that the political executive has clearly spelled out the vision of governance. Corruptionhas already started declining and Government files which were pending clearnace were disposed off. Man Mohan Singh has limited authority over matters of State and he preferred to fragment his authority even further by creating what he called Tmpowered Groups of Ministers to take decisions on important and controversial issues like OIl Pricing, Fertilizer subsidies, Gas Subsidies etc. The net result no decion was taken and when on the rare ocassion a decion was taken as in the Ordiance making sovicted politicinas eligible for public office the dynastic mascot of the time, Rahul Gandhi famously opposed it and the matter was shelved.
On 100 days things have visible improved. Food inflation and prices have started coming down. Even the proce of petrol has come down. The Government of India, in spite of an anticipated drought, has predicted a 6% growth in the GDP. Environmental clearnaces which held up a large number of infrastructural projects have been given the green signal and in the defence sector Foreign Direct Investment to the tune of 49 % has been suggested which will push up the growth rate even further. The Judges Appontment Bill which was held up for a long time has been passed and the dismantling of the Collegium System which seems tro have been misused by a few Chief Justices has been abandoned. The passage of the insurance Bill will also ensure foreign equity in this sector of the economy. The Modi Government has taken a leaf straight out of the experience of China: economic growth is the only way out of the pivertuy trap. Generations of Indian economists who have had their trining in fashnionable western univeristies have always advocated a model of growth in which the govewrnment is the prime mover. Now the peidulum has swung toward the private sector and Government will facilitate enterpreneurship.
The Address delivered on Independence Day (we have given a write up on this blog) hgihlighted all the important issues confronting the Nation and Modi did not shy away from talking about them. He stunned the country by stating very boldly that the violence against women for which India has become nototious can be stopped only if boys are brought up properly within the family and I think his message has gone home. His financial inclusion scheme will be regarded as a milestone and the largest expansion of banking services ever undertaken. Modi has shown the will to deliver on his promises.
There are however areas that have not yet caught his attention. Education in India is nowhere near even Asian standards let alone global standards. He has to address this issue and I am not sure if his Minister, Smrithi Irani has the intellectual capability for such a task. There is need to increase power generation as India will need ahuge ammount in the next 5 years. The agreement with Nepal will surely help. Modi has also outline the River Linking