Modi government in a celebratory mood
Stepping into its fourth year in power on Friday, the Narendra Modi government is in a celebratory mood after the BJP’s stupendous electoral success in Uttar Pradesh and Uttarakhand, a modest pick-up in the economy and the imminent roll-out of the Goods and Services Tax across the nation in July. But questions remain over the stridence shown by Hindutva outfits over cow protection, love jihad and other socially volatile issues.
After the electoral battering in Bihar and Delhi in 2015, the landslide majorities in Uttar Pradesh and Uttarakhand and putting in place BJP-led governments in Goa and Manipur, despite not emerging the largest party in the Assembly elections, have lifted the spirits of the saffron party with just two years to go for the next Lok Sabha elections.
The government says the fiscal deficit, balance of payments deficit and inflation have all come down while the GDP growth rate, foreign exchange reserves and public capital investments have gone up.
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