Coalition Politics and Economic Progress
Stock market jitters over economic prospects under coalition rule are misplaced.
The stock market’s volatility index has doubled, from the level seen on April 23rd, as traders worry about a BJP majority.
TK Arun
TK Arun is a Senior Journalist and Columnist based in Delhi.
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BJP’s touted economic prowess: All bark, no bite
Strengthening all economic parameters, holistic reforms, and focusing on demand and supply are sweeping platitudes, not policy.
Apart from distorting the Congress manifesto as a combination of impractical populism and pandering to Muslims, BJP campaigners have little to offer by way of constructive solutions to the economy’s problems of declining real wages in rural areas, massive unemployment among educated Indians and corporate India’s reluctance to invest, leaving the government to shoulder the burden of building infrastructure and other capital formation to generate growth.
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BJP and Congress Align Closely on Economic Policies, Highlighting Consensus in Indian Politics
The dichotomy between their economic stances is dubious; the difference is in politics and in shaping the social coherence essential for the economy to function.
Social media is awash with spurious claims of the intrinsic merits and contrast between the economic programmes of the Congress and the BJP.
The BJP is pro-growth, the Congress stands for welfare and redistribution. The BJP is pro-market, the Congress is socialist. The BJP makes India more attractive to foreign investors while the Congress will drive investors away.