Indian Economy to be Impacted by 5 Key Government Policies

Certainly, good economics does pay in the long run. Most importantly, the Narendra Modi-led National Democratic Alliance government made an earnest attempt to bring greater transparency in implementation of government schemes in the last 12 months. As the year draws to a close, the moot question is, how will the economy perform in 2018?, as per news reports.

Reports added, Prime Minister Narendra Modi promised many radical structural economic reforms including ease of doing business, inflation control, fiscal deficit, job creation and revival of manufacturing sector – that seems to have been delivered with the exception of job creation on which India has, so far, failed to perform as expected.

India has begun work on an $87 billion scheme to connect some of the country’s biggest rivers as Prime Minister Narendra Modi bets on the ambitious project to end deadly floods and droughts. The Modi-led government is touting the linking of rivers as a panacea to the floods and droughts that plague India every year, killing hundreds of poor people and withering crops.

At present, the Gujarat verdict throws light on some key economic policy challenges for the Modi government, in the final stretch before the general elections in 2019. Many analysts say the year started with the economy reeling under demonetisation, hitting small businesses, besides bringing down infrastructure, including real estate, to its knees. While Modi’s drive to unearth unaccounted wealth did not deliver the desired result, it hurt consumer demand in a country where most people are paid in, and buy what they need with, cash, added the news report.