Over To The Next Government
The government that wins the mandate in 2019 inherits many tall aspirations and some harsh ground realities like falling investments and a drought. BW Businessworld maps the path ahead
Prime Minister Narendra Modi played a Santa in his last Budget. But it will have long-term repercussions. What if the Modi government is not re-elected in May 2019? True, the incoming government can tweak the Budgetary provisions, but it will, at the same time, find it tough to do away with the populist measures therein. This means that fiscal discipline goes for a toss.
True, Rahul Gandhi had promised the voter moon – which added to the pressure on the Modi government. To be one-up on the opposition, Team Modi came up with sweeping recommendations in an election year.
What are the challenges, then, for the next government that assumes power in 2019?
We debate in the following pages.
Whatever the challenges, one thing is for certain – India is slated to move to the next trajectory of growth and development.