Thursday, May 15, 2014

End of an era

Tomorrow can be a pivotal day for future of India. Narendra Modi led National Democratic Alliance is almost certain to form the government ending a decade of corruption,bad governance,inflation and poor growth .There was not much economic progress of this nation in the last decade albeit there were plenty of opportunities;the stage was stage for India to become a new superpower after United States and China.Alas,the precious opportunity was wasted because the people of India have chosen  a wrong party to lead the nation.
Manmohan Singh,as the finance minister of Narasimha Rao led government in the year of 1991,reformed Indian economy by opening the Indian market for international trade and investment,deregulating,initializing privatization,reforming tax.While it is debatable whether he should be really credited for that neo-liberal policy or the reform was an accident due to the pressure sustained by the bailout deal of IMF,Dr. Singh should be blamed for not being able to grow Indian economy at a time when more than half of our population has been in the productive age group between 15 to 50.Instead,progressively an average Indian has been facing more difficulties in sustaining the livelihood than ever.
Fortunately,India still has a chance to be the growth engine of the world if the new government facilitates inclusive growth.We already established global footprint in the service sector.We need to excel in the manufacturing sector too.If Mr. Narendra Modi can propel India on the growth track similar to what he has done so far in his native state,we can definitely hope for a better future.
There is a caveat.If the minorities choose to elect Mr. Modi to govern this country,he should ensure that there should not be any communal tension owing to favoring any particular religion.While he must stop illegal immigrants from the neighbor countries,there should not be any communal filtering in this act.Along with making India a global powerhouse,Mr. Modi needs to dissuade fears of the minority groups and took them along with to build a great nation.
Mr. Modi has a nation to build,is he up to the job?The time will tell.

No comments:

Post a Comment