Employment in India grew by 34% in last 8 years; women's participation rose to 25% of the workforce

[sancho]

Don't fall into that trap,i thought the same way first.The reality is UPA 1 gained from the good policies of the 1999-2004 NDA govt & UPA 2 got what UPA 1 did in 2004-2009.

Just as NDA benefits from the policies of UPA 2 and the current growth projections of up to 7% within the next 2 years. It simply shows that things were by far not as bad as people made them and in several fields India did really well in the last decade.

 

[amitkriit]

indias financial sector really sky rocket due to actions taken by manmoham singh when he was finance minster.

Those "actions" were pushed down our throat by our lenders (IMF, World Bank etc).

 

[sancho]

UPA 2 was a victim of the success of UPA 1 as well,the people were just not willing to accept reduced performance levels which was acceptable once.

Very true and nobody cared about the real reasons why the growth is going down, or what importance the global crisis years had. However, it was also a failure of the UPA that on the one side their partners were involved in too many scams and on the other side, they also failed to show their achievements. The latter was also visible during the elections, where a failure of communication might be one of the biggest reason for the big loss, while the BJP perfectly showed how it should be done, although they making the same mistakes now too.

 

[Voltaire]

Very true and nobody cared about the real reasons why the growth is going down, or what importance the global crisis years had. However, it was also a failure of the UPA that on the one side their partners were involved in too many scams and on the other side, they also failed to show their achievements. The latter was also visible during the elections, where a failure of communication might be one of the biggest reason for the big loss, while the BJP perfectly showed how it should be done, although they making the same mistakes now too.

Put very eloquently,thank you for your input.

 

[Echo_419]

Just as NDA benefits from the policies of UPA 2 and the current growth projections of up to 7% within the next 2 years. It simply shows that things were by far not as bad as people made them and in several fields India did really well in the last decade.

Well i agree with you India did 'Well' not good or Excellent,just compare China's & India's Performance in the last decade 2004-2014 you will know how 'well' we really did,believe it or not 2004-2014 was a lost decade.

Very true and nobody cared about the real reasons why the growth is going down, or what importance the global crisis years had. However, it was also a failure of the UPA that on the one side their partners were involved in too many scams and on the other side, they also failed to show their achievements. The latter was also visible during the elections, where a failure of communication might be one of the biggest reason for the big loss, while the BJP perfectly showed how it should be done, although they making the same mistakes now too.

Care to state some of those mistakes

 

[nair]

Very true and nobody cared about the real reasons why the growth is going down, or what importance the global crisis years had. However, it was also a failure of the UPA that on the one side their partners were involved in too many scams and on the other side, they also failed to show their achievements. The latter was also visible during the elections, where a failure of communication might be one of the biggest reason for the big loss, while the BJP perfectly showed how it should be done, although they making the same mistakes now too.

If i may add to you, UPA 2 was failure because, they were dealing with scams and working hard to come out of it.... When they manage to come out of one they got into another one, So the majority of the time was spend in negotiating these scams than working on the real growth...... Communication can be blamed for the defeat, but the important point is there was nothing much to communicate.... Other than MMS and AKA most of the minister are capable of speaking and highlighting quite well.... But they couldnot do because they did not have much to communicate......

The moral of the story is, MMS managed to screw up the economy which was built by himself......

On topic. I think 34% is a decent growth..... But we have potential to grow much faster... .Hope the current government manage to create more job opportunity and improve economy

 

[HariPrasad]

True mate,UPA wasted all the gains on populist measures leading to runaway inflation.Ironically,when UPA1 came into power,one of their ad campaign points was the inflation of NDA era,which is present in any rapidly growing economy.
UPA 2 was a victim of the success of UPA 1 as well,the people were just not willing to accept reduced performance levels which was acceptable once.
UPA just failed to reform and strengthen institutions to cope with the changing era,not to forget its reluctance on market reforms.

The fact is that UPA 1 got the benifit of NDA government initiatives. UPA 2 was the outcome of UPA1 Policy. Now modi will have to repair the damage done by UPA2. Effect of Modi's policies and work will be visible after 3 years. i hope that rupee will reach 50 Against USD by then and trade deficit will also down.

 

[sancho]

Well i agree with you India did 'Well' not good or Excellent,just compare China's & India's Performance in the last decade 2004-2014 you will know how 'well' we really did,believe it or not 2004-2014 was a lost decade.

Which is again a very simplistic and limited view to look at the top one and then say India was worse, ignoring that India was 2nd in the same time compared to nearly the rest of the world (it's like comparing Indian military to US and saying we are behind, which is obvious but so is the rest of the world!). More importantly, when you look at the years since 2008 when the financial crisis came up and then compare Indias growth rates to the rest of the world, you would see how excellent India did during the crisis years, but the public in India itself was blinded by the 8 to 9% rates before the crisis. At the same time the whole world was moving only because they bet on the growth of China AND India!
Even the BJP admits now, that more than the UPA already did to get the growth back is hardly possible, because it's the global economy and financial situation than needs to recover, not Indias. Only then we will see more exports and more investments, we can improve the situation for foreign investors of course with FDI increase or easing TAX issues, but if the foreign players must come back from saving money to spending again. We see this change now and that's why the growth projection for India are are looking quiet good again. Btw, we currently are doing even better than China since they have a steeper fall of growth than we have and the projections show even a possible higher increase for us in the next 2 to 3 years.

So there is a huge gap between the growth expectations Indians had in the last years, compared to what was actually possible due to external problems!

But that is only one good point that often is not seen when we think about the last years, because we simply have a general bad idea about the time. One reason why I made this thread too:

Truth vs hype of Indian defence modernisation in the last 10 years


Just to show that there is a difference in the general perception and what actually was achieved and you can see similar achievements of the last 10 years in many different fields. Personally I am very happy and even proud to see Indias achievements in fighting polio or reducing HIV infections. Poverty rates were constantly reducing, while Indias middle-class gets bigger and bigger (which also shows the relation to the opening article) and I am a big fan of Indias foreign policy and happy that BJP continues to follow the ways there. Great things, that might not get the attention as our space missions, growth rates of 8 to 9% and might not put us in the league of China or the US, but have a far bigger effect on the country and the people itself.[/quote]

 

[sancho]

If i may add to you, UPA 2 was failure because, they were dealing with scams and working hard to come out of it....

I would not agree to that, of course that had a big effect and that part alone was reason enough to punish the UPA government, but that doesn't make the whole term to a failure. As showed above, India did very well during the crisis years, the fact that MMS did not bound to US pressure to decrease government control on the banking / financial sector might even have saved India and Indian banks from buying out many bad banks as the US and most western countries had to do.
I recently learnt that during the last term, the UPA increased the power production multiple times (if true even to a surplus capacity), partially even with too much ease for privat companies to get into the market, but many of these companies can't afford to divert the power that actually could be produced to the customers. There was an interesting report on NDTV truth vs hype once.

So no doubt, there were big issues with UPA and I am not even surprised that they lost the elections, but the work they did was not as bad as generally seen, even in the 2nd term and when you now see BJP even following many of the policies or goals (sometimes just re-named), we can't actually say that everything was wrong.

Other than MMS and AKA most of the minister are capable of speaking and highlighting quite well....

Actually even the very talkative contender Modi, seems to realize now that the job of a PM keeps you busy and does not leave much time to talk, that's why I take this kind of criticizm on MMS with a smile. But Modi is doing a better job in his official statements and speeches, but that might mainly be based on the fact that that's one of his strong points in general.
But the communication problem for UPA is very evident, when you take some of the example I gave in the last post. For me that's even more evident, when I compare news reports from Germany / Europe about India, with reports of the Indian media. The hope and positive expectations here and the very negative view in India itself were very strange.

 

[Echo_419]

Which is again a very simplistic and limited view to look at the top one and then say India was worse, ignoring that India was 2nd in the same time compared to nearly the rest of the world (it's like comparing Indian military to US and saying we are behind, which is obvious but so is the rest of the world!). More importantly, when you look at the years since 2008 when the financial crisis came up and then compare Indias growth rates to the rest of the world, you would see how excellent India did during the crisis years, but the public in India itself was blinded by the 8 to 9% rates before the crisis. At the same time the whole world was moving only because they bet on the growth of China AND India!
Even the BJP admits now, that more than the UPA already did to get the growth back is hardly possible, because it's the global economy and financial situation than needs to recover, not Indias. Only then we will see more exports and more investments, we can improve the situation for foreign investors of course with FDI increase or easing TAX issues, but if the foreign players must come back from saving money to spending again. We see this change now and that's why the growth projection for India are are looking quiet good again. Btw, we currently are doing even better than China since they have a steeper fall of growth than we have and the projections show even a possible higher increase for us in the next 2 to 3 years.

So there is a huge gap between the growth expectations Indians had in the last years, compared to what was actually possible due to external problems!

But that is only one good point that often is not seen when we think about the last years, because we simply have a general bad idea about the time. One reason why I made this thread too:

Truth vs hype of Indian defence modernisation in the last 10 years


Just to show that there is a difference in the general perception and what actually was achieved and you can see similar achievements of the last 10 years in many different fields. Personally I am very happy and even proud to see Indias achievements in fighting polio or reducing HIV infections. Poverty rates were constantly reducing, while Indias middle-class gets bigger and bigger (which also shows the relation to the opening article) and I am a big fan of Indias foreign policy and happy that BJP continues to follow the ways there. Great things, that might not get the attention as our space missions, growth rates of 8 to 9% and might not put us in the league of China or the US, but have a far bigger effect on the country and the people itself.

[/quote]

That's good,let me also introduce you to ground realities
When the Congressis passed the NREGA bill in 2005 in 1 year it created a massive Artificial Wage Inflation which has crippled many Business specially Small & Medium ones like my Families,what happened was people became lazy they got better wages in their villages for doing less work,which was digging holes & then filling them.I personally know 100s of Business in NCR,Haryana & Western UP which invested heavily in Automation becuz of shortage of labor in the area we used to employ 60 people,now for triple the output we only employ 31.In the NCR in Badarpur area the same road has been constructed 100s of times 2-3 weeks later it either cracks or washes away & due to the shitty roads in that area costs due to packaging increase 1-2Rs per Sqft.You want more examples just tell me

 

[nair]

I would not agree to that, of course that had a big effect and that part alone was reason enough to punish the UPA government, but that doesn't make the whole term to a failure. As showed above, India did very well during the crisis years, the fact that MMS did not bound to US pressure to decrease government control on the banking / financial sector might even have saved India and Indian banks from buying out many bad banks as the US and most western countries had to do.
I recently learnt that during the last term, the UPA increased the power production multiple times (if true even to a surplus capacity), partially even with too much ease for privat companies to get into the market, but many of these companies can't afford to divert the power that actually could be produced to the customers. There was an interesting report on NDTV truth vs hype once.

So no doubt, there were big issues with UPA and I am not even surprised that they lost the elections, but the work they did was not as bad as generally seen, even in the 2nd term and when you now see BJP even following many of the policies or goals (sometimes just re-named), we can't actually say that everything was wrong.

To an extent i agree with you, for a common man when he look at UPA 2 and its performance, the most striking points are corruption, Corruption and Corruptions, this image was attributed to their election result, Was the government was as bad as it was projected??? Well No, I guess the way Opposition projected the corruption was the key.... They did all the right thing, and MMS and company couldn't resist or counter opposition properly.... Yes UPA has increased the power production capacity, but i doubt we have come to a level of surplus yet.....

Actually even the very talkative contender Modi, seems to realize now that the job of a PM keeps you busy and does not leave much time to talk, that's why I take this kind of criticizm on MMS with a smile. .

True, I have said the same couple of times here in PDF, BJP as a party was always complaining, that MMS mute.... and Projected Modi as one of the most vocal leaders during their campaign, But once he has become a PM, he hardly get time to interact..... he also gone into kind of hibernation (when i say that I am comparing to his election campaign days), But I am sure he is going to be a stronger leader when compared......

 

[he-man]

Don't fall into that trap,i thought the same way first.The reality is UPA 1 gained from the good policies of the 1999-2004 NDA govt & UPA 2 got what UPA 1 did in 2004-2009.

Its not that simple ..............

To an extent i agree with you, for a common man when he look at UPA 2 and its performance, the most striking points are corruption, Corruption and Corruptions, this image was attributed to their election result, Was the government was as bad as it was projected??? Well No, I guess the way Opposition projected the corruption was the key.... They did all the right thing, and MMS and company couldn't resist or counter opposition properly.... Yes UPA has increased the power production capacity, but i doubt we have come to a level of surplus yet.....


True, I have said the same couple of times here in PDF, BJP as a party was always complaining, that MMS mute.... and Projected Modi as one of the most vocal leaders during their campaign, But once he has become a PM, he hardly get time to interact..... he also gone into kind of hibernation (when i say that I am comparing to his election campaign days), But I am sure he is going to be a stronger leader when compared......

The govt was so bad that it should have been thrown out in 2009 itself if not for stupid people falling for freebies.
The only difference between UPA and NDA is socialism of UPA.

Plus the fact that govt was practically being run by rahul and national advisory council which was virtually filled with socialists and environmentalists.
In that scenario what could u expect??

But as has been stated numerous times the real damage has been

1)NREGA
2)FOOD BILL
3)LAND ACQUISITION BILL
4)ENVIRONMENTAL CLEARENCES.

Corruption is overrated,,,,and in 2g scam there were actually benefits to consumers due to lower costs but of course it was a loss to government.But its way way exagerrated

 

[nair]

Its not that simple ..............



The govt was so bad that it should have been thrown out in 2009 itself if not for stupid people falling for freebies.
The only difference between UPA and NDA is socialism of UPA.

Plus the fact that govt was practically being run by rahul and national advisory council which was virtually filled with socialists and environmentalists.
In that scenario what could u expect??

But as has been stated numerous times the real damage has been

1)NREGA
2)FOOD BILL
3)LAND ACQUISITION BILL
4)ENVIRONMENTAL CLEARENCES.

Corruption is overrated,,,,and in 2g scam there were actually benefits to consumers due to lower costs but of course it was a loss to government.But its way way exagerrated

Read my post again....... You will get the answer for yourself.....

 

[he-man]

Read my post again....... You will get the answer for yourself.....

I read it and i am countering u.
In my opinion corruption is not a big issue at all so all those people who voted for bjp for bringing down inflation and corruption are gonna be mighty disappointed.

Reason??
Bjp is a party with traders as its core support base,,,it will never ammend the APMC act which is the single biggest step to break down the back of middle men.So there goes lowering of prices or inflation into a toss.

As for corruption itself,,,,,all politicians are more or less same,don't have much hope here too.


The only real change that bjp can bring is
1)Not passing any more socialist acts
2)Pushing for reforms

 

[nair]

I read it and i am countering u.
In my opinion corruption is not a big issue at all so all those people who voted for bjp for bringing down inflation and corruption are gonna be mighty disappointed.

Reason??
Bjp is a party with traders as its core support base,,,it will never ammend the APMC act which is the single biggest step to break down the back of middle men.So there goes lowering of prices or inflation into a toss.

As for corruption itself,,,,,all politicians are more or less same,don't have much hope here too.


The only real change that bjp can bring is
1)Not passing any more socialist acts
2)Pushing for reforms

If you are looking at policies, I hardly see any change in previous and current regime..... Infact the new govt is continuing almost every policy of UPA.....I remember a statement from MMS, he said We could have presented this budget...... When it comes to corruption i agree Even in BJP there are people who are termed as corrupt, ex: gadkari...... But then it is very early to judge a new government..... May be another 2 years down the line we will be able to see the real performance...... Now it is honeymoon period,and they can blame previous govt for any short comings......

But i seriously hope this govt do well and work on improving the economy.....