Even as a majority government, the Modi regime in its last two terms often promised a revamp of civil services to make the administration more efficient, governance restructuring to ensure that both the states and local governments become more effective, and factor-market reforms to increase the ease of doing business with simpler and more friendly laws on land, labour and the farm sector. However, the strength of a single-party majority notwithstanding, the outcome on all these fronts has not been encouraging. Will a coalition government in 2024, even if led by the BJP, deliver better results?
This is not because the Modi government did not have the political capital to carry out these far-reaching changes in the country's overall governance model. No other government since Rajiv Gandhi's in 1985 has enjoyed such a clear single-party majority in the lower house of Parliament. It seemed that the BJP leadership was a little reluctant to risk its political capital for such economic reforms, and evidently focused more on its political agenda of rendering Article 370 inoperative in Jammu & Kashmir, or introducing the citizenship amendment law, or embarking on a highly disruptive plan like demonetisation. When it came to hard economic reforms like rationalising the multiple rates under the goods and services tax (GST) regime, or privatising non-strategic state-owned enterprises, for which even a policy had been approved, there was hardly any progress. Air India figures as the only case of privatisation under Mr Modi's 10 years of rule at the Centre.
هذه القصة مأخوذة من طبعة June 05, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 05, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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