Anticipate more policies like demonetisation: Chinese media

The total absence of dissent in the BJP, unusual for a ruling party in India, is the result of everyone submitting to authority, said Global Times

GN Bureau | March 20, 2017


#Demonetisation   #Narendra Modi   #China   #Global Times  
Representational image
Representational image

Prime minister Narendra Modi's popularity has been validated throughout the election, in which he made himself and his actions the main issue in many public speeches. The ability of Modi to deliver landslide victory results like in UP consolidates his position within the party, said an editorial in a state-run Chinese daily.

Global Times said that this also means that more policies like demonetisation, which was conceived with little political consultation inside the party, can be anticipated. Modi genuinely believes he can deliver the best solutions to many problems in India.

The editorial “Will Modi’s momentum drive India’s future economic reforms?” by Zhen Bo, an assistant research fellow at the Center for South Asia-West China Cooperation and Development Studies, said that from this year's Holi festival in India, the Bharatiya Janata Party (BJP) has started celebrating its victory in the recent state elections.

Modi's party has obtained the majority in Uttar Pradesh and Uttarakhand, in which it has obtained 325 out of 403 seats and 56 out of 70 seats respectively.

It is worth mentioning that this is the fourth time that one single political party has acquired more than 300 seats in the UP legislative assembly competition.

“What's more, the result of the UP election would substantially influence the political balance in India and has always been seen as the signpost of the voters' attitude across India,” it said.

The daily said that people have been criticizing the demonetisation policy when the BJP government suddenly carried it out last November, and the opposition attacked that the policy has brought a lot of suffering to the poor in the countryside. Nevertheless, the disputed policy didn't make the BJP itself suffer. In UP, where most people are farmers, the population has been successfully persuaded by Modi and his team's effective campaigns.

There are two aspects to his demonetisation policy. The first is its actual effect on individuals and the economy. The second is how the policy is sold to the public. It would be better not to confuse success in the latter with the success of the former.

The daily went on to say that generally speaking, “a decisive and aggressive leader will also make mistakes. The lack of restraint from the party will probably result in Modi having a free hand to make decisions on more crucial issues. The total absence of dissent in the BJP, unusual for a ruling party in India, is the result of everyone submitting to the authority”.

But, the BJP-led coalition is unlikely to get a full majority in the 245-seat Rajya Sabha until mid-2019, which is sometimes crucial for the passage of bills in the parliament. Massive wins for the BJP have already prompted investors to bet on a comeback for the BJP-led government in 2019 Lok Sabha elections and continuation of its policies aimed at economic reforms.

People are now looking forward to witnessing further economic reforms such as rollout of the goods and services tax, faster infrastructure development and job creation. The market is also expecting that in the 2019 election, the BJP will have a majority in Rajya Sabha, facilitating even faster liberalisation. However, based on the current situation, the market may find this goal hard to achieve.
 

Comments

 

Other News

Five years after Nirbhaya, have things changed?

Far away in the other world, she must be weeping seeing the flames of fire she lit for justice slowly fading. On December 16, 2012, the 23-year-old Delhi woman, better known as Nirbhaya now, was brutally raped. She eventually succumbed to her injuries, but not before triggering a storm acorss the count

Income inequality has rapidly increased: Report

The rise in income inequality has been gradual in India, said the World Inequality Report which noted that at the global level, inequality has risen sharply since 1980, despite strong growth in China. The report said that inequality within world regions varies greatly. In 2016, the share of

BHEL launches coal-fired power project in Indonesia

 BHEL has successfully commissioned a 54 mega watt coal-fired captive power project in Indonesia. The project located at East Kalimantan in Indonesia has been set up by BHEL for PT Citra Kusuma Perdana (PT CKP) for its coal-mining operations.   For the project, B

Five years after Nirbhaya: A lot needs to be done

Have things changed five years after the Nirbhaya incident? I see Delhi as the capital of protest, not just capital of rape as it is often painted. In terms of legislation, in 2013 one-stop-centres were set up after the landmark report of Justice Verma Committee and Justice Usha Meh

Winter session will be productive: Modi

The winter session of parliament is starting and I am confident that it will be productive session, said prime minister Narendra Modi on Friday. He hoped that there is “constructive debate and we come up with innovative solutions to our nation`s problems”. Speaking

Know more about Project 75

When prime minister Narendra Modi dedicated Kalvari submarine to the nation, it was significant for more than one reason. Not only did the submarine enhance India’s capability as a blue water navy, it also highlighted Project 75 that focused on a major exercise to build six submarines.



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter