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

On a personal note: Javed Jaffrey

After his much-appreciated debut in Meri Jung in 1985, Javed Jaffrey inspired a new generation of dancers. He then turned from dance to comedy. The versatile actor constantly changes his styles and his live, film, TV and radio appearances always promise novelty and surprise. In 2014 he joined the Aam A

Allegations against CJI: Inquiry will strengthen the independence of the judiciary

Yes, we must stand rock solid with the judiciary and the judges. We must protect the independence of the judiciary too. What does this mean in the present context of a very serious charge of sexual harassment levelled by a former employee of the court against the CJI?  We are told that there is a larg

“Managing data is challenging”

The Centre for Railway Information Systems (CRIS) is a society set up by the railways ministry in July 1986 to provide IT related services to the Indian Railways. CRIS deals in a gamut of functions, like passenger ticketing, freight operations, train dispatching and control, crew management, e-procurement,

A boost to those who need it most

What are 600 million people? Almost twice the population of the US. What are 500 million people? About three-fourth of the population of Europe. Why are we talking about these numbers? Well, because as per a study by Sandhya Krishnan and Neeraj Hatekar (‘Rise of New Middle Class in India and Its

Expanding Eureka!

Abright yellow van with figures of children playing with a whirligig, a Newton’s cradle, a magnetic compass rolls into the Government Higher Primary School in Kittaganahalli, on the outskirts of Bengaluru. Students in the playground leave what they are doing and mill about it in excitement. For they

The spark in the classroom

Not many children dream of starting an idyllic school of their own when they grow up. But Ramji Raghavan, founder of the Agastya International Foundation – which fosters the creative learning of science in stude



Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter