Almost a year ago, India witnessed a historic mandate when people voted decisively for a single party to form the government. By defying all odds and predictions of political pundits, Bhartiya Janta Party (BJP) under the leadership of Prime Minister Modi was voted into power.
Riding on the expectations of people, Modi led Union government recently completed its one year in office. So how did Modi fare? Did he do enough to please his voters?
According to economic pundits, in the past one year, Modi has managed to usher a hope of economic revival and build positive sentiments. Business confidence among Indian citizens is on a rise, though not all expectations have to be fulfilled.
One of the main achievements for Modi led BJP government has been the passing of FDI in insurance, which has been one issue that has been clamouring for long. Further, the government has also passed the coal, mining and minerals amendment bills.
If latest BJP news is to be believed, the spectrum auction has been tremendously successful as well. Moreover, diesel prices and LPG subsidies have been regularized. This clearly indicates that despite economic challenges, the union government has pushed through many reforms and is moving the country’s economy in right direction.
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