Analysis Of BJP's Promise from 2019

 LET'S MOVE ON TO NEXT SECTOR 


2. ECONOMY


Promise 1 - KEY INDICATORS(GDP , Inflation)

Although BJP has 1.1% less GDP growth rate , they have managed to keep inflation below 5.1% instead of 8.1% in UPA's period.

Also India is now 5th on world GDP ranking which was 10th in 2014.


Conclusion - FULFILLED✅


Promise 2 - Low Fiscal Deficit 

Under NDA rule , we have seen both the Worst and the Best Fiscal Deficit ratio. It might be higher due to COVID and Russia-Ukraine war.


Conclusion - NOT FULFILLED ❌




Promise 3 - FDI 

Under NDA rule , we have received more than $500 Bn  in FDI( as of 2022) which is 65% more than what we received  during UPA's 10-year rule.


Conclusion - FULFILLED ✅ 




Promise 4 - DEBT-GDP Ratio 

According to a UN paper , for a developing country like India, the Debt to GDP ratio should be <40% but as of FY23 it is more than 60%.

Due to this we have to spend about 40% of total income(of 2022) to Interest payments.


Conclusion - NOT FULFILLED ❌



Promise 5 - 25% Manufacturing and 100M Jobs 

BJP's goal was to increase the manufacturing sector's contribution by 25% of GDP by 2025 and creation of 100M jobs.

But it's contribution decreased to 13% .

The no. of Jobs in this sector has also been declined from 51M in 2016.


Conclusion - NOT FULFILLED❌



Promise 6 - Doubling Total Exports 

India's overall exports were estimated at USD 62.26 Billion in 2023 reflecting a about 10% increase over the USD 56.90 in 2022


Conclusion - PARTIALLY FULFILLED 


Promise 7 - National Retail Trade Policy

India established the National Traders Welfare Board(NTWB) in 2023. Its objective include identifying the policy measures for welfare of traders and their employees.

Conclusion - FULFILLED ✅


Promise 8 - Seed Startup Fund 

The Scheme has been implemented for funding and promoting startups in India.


Conclusion - FULFILLED✅





Overall in Economy the NDA led government has done an Average(Okayish) work . Although schemes like PLI have boosted our exports and domestic production.

Additionally jobs in service sectors haven't grown much.



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