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  • One year of Modi sarkar and future outlook by Mr. Rohit Gadia, CapitalVia

    Published on May 25, 2015

    Rohit Gadia-CEO, CapitalViaOur verdict on  Modi sarkar is positive, We will give a rating of 7 out of 10. We expect now the Modi 2.0 will be more execution based as a basic ground work has been done and further execution plays the key role. Many positive things were well established like the swaccha bharat yojna, the jan dhan yojna, jan dhan bima yojna all had a great impact on the functioning of  economy. The economy is growing at 7.5-8 per cent Fiscal consolidation has been achieved in a transparent manner. The current account deficit is under control, Forex reserves are high and inflation is moderate.

    Make in India project was one of the great  initiative He made several  foreign visits post taking the office of Prime minister. He visited japan strengthening  the ties between the two countries, and resulted in several key agreements, including the elevating the already established strategic partnership to the “Special Strategic Global Partnership”. During his visit official negotiations have progressed on the sale of US 2 amphibious aircraft for Indian Navy and the long pending civil nuclear agreements Modi created magic wave when he visited the US he called for reform and expansion of United Nations Security Council including India’s long standing demand of a permanent membership. He expressed his concerns over the relevance of a 20th century setup in 21st century and the need to evaluate UN’s performance in the past 70 years. He had also argued why UN should serve as G-All for global governance instead of several parallel sub-groupings like G7, G20 etc.

    Modi visisted Hanover Germany for pitching Make in India campaign.The hurdle that modi sarkar faced was the still pending land acquisition bill which still lays in dilemma and is also making the FII face sour.

    Our expectation for the next year if further execution of the reforms. In coming year, focus of the Modi Sarkar would be on passing of several bills Land acquisition , GST bill and others which are pending , proper execution of several programs initiatives, which will pave the way for the growth of Indian Economy as the government is majorly focusing on  foreign fund inflow, technological up gradation and capacity building.  If we compare the macroeconomic numbers with the previous year, we may find the economic situation has improved and will grow at faster rate if such more reforms are implemented and executed properly.

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