Slogans and meeting Corporates alone won't do!
Apropos :"Is this the year of ‘Achhe Din’?" (Jani 1), certainly not. Modi has a lot of explaining to do on the economic reform front, something he had promised during the course of the election campaign. During the course of the last year he has come up with slogans like Make in India, Digital India etc., with very little changing on the ground. For 'Make in India' to succeed, things like the ease of land acquisition and electric supply, need to improve. Many state electricity boards all over the country, continue to remain in a mess. Further, the inspector raj that small businesses face, needs to be unshackled. Labour laws reform is urgent, perhaps, he can't! Land ordinance had to lapse: His promise of jobs remains a dream! For acche din to come Modi needs to create jobs for the 13 million Indians who are entering the workforce every year. And for that to happen he needs to unshackle many things that are holding back the economy.
The basic point is that what was Modi’s strength has now become his weakness. During the course of the election campaign last year, Modi came across as a man of action and the bar was set very high with slogans like "acche din aane waale hain". Why GST may not be worth the heartburn; he couldn't hasten even slowly on it!
The ease of doing business has to improve, if India wants to take advantage of the current economic scenario where the Chinese economy is in doldrums. Just coming up with new slogans and meeting Corporates regularly won’t help on that front.
Apropos :"Is this the year of ‘Achhe Din’?" (Jani 1), certainly not. Modi has a lot of explaining to do on the economic reform front, something he had promised during the course of the election campaign. During the course of the last year he has come up with slogans like Make in India, Digital India etc., with very little changing on the ground. For 'Make in India' to succeed, things like the ease of land acquisition and electric supply, need to improve. Many state electricity boards all over the country, continue to remain in a mess. Further, the inspector raj that small businesses face, needs to be unshackled. Labour laws reform is urgent, perhaps, he can't! Land ordinance had to lapse: His promise of jobs remains a dream! For acche din to come Modi needs to create jobs for the 13 million Indians who are entering the workforce every year. And for that to happen he needs to unshackle many things that are holding back the economy.
The basic point is that what was Modi’s strength has now become his weakness. During the course of the election campaign last year, Modi came across as a man of action and the bar was set very high with slogans like "acche din aane waale hain". Why GST may not be worth the heartburn; he couldn't hasten even slowly on it!
The ease of doing business has to improve, if India wants to take advantage of the current economic scenario where the Chinese economy is in doldrums. Just coming up with new slogans and meeting Corporates regularly won’t help on that front.
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