Should you worry as coalition rule returns? Here is what India’s experiment tells us
HTML-код
- Опубликовано: 6 июн 2024
- #cuttheclutter
As the BJP failed to get a clear majority in Lok Sabha elections and prepares to form a coalition government with its NDA allies, there’s debate how this would affect the country. In episode 1464 of #CutTheClutter, Editor-in-chief Shekhar Gupta looks at how coalition governments have fared in India, hits and misses and what it means for the future.
---------------------------------------------------------------------------------------------
To read TCA Sharad Raghavan Article: theprint.in/economy/coalition...
---------------------------------------------------------------------------------------------
To read National Interest (2018) article: theprint.in/national-interest...
---------------------------------------------------------------------------------------------
To watch National Interest Video published in 2018: • Modi has proven that s...
---------------------------------------------------------------------------------------------
Exclusive content, special privileges & more - Subscribe to ThePrint for Special benefits: theprint.in/subscribe/
---------------------------------------------------------------------------------------------
Connect with ThePrint
» Subscribe to ThePrint: theprint.in/subscribe/
» Subscribe to our RUclips Channel: bit.ly/3nCMpht
» Like us on Facebook: / theprintindia
» Tweet us on Twitter: / theprintindia
» Follow us on Instagram: / theprintindia
» Find us on LinkedIn : / theprint
» Subscribe to ThePrint on Telegram: t.me/ThePrintIndia
» Find us on Spotify: spoti.fi/2NMVlnB
» Find us on Apple Podcasts: apple.co/3pEOta8
![Gunna - back in the a [Official Video]](http://i.ytimg.com/vi/oBrbejOHjLw/mqdefault.jpg)
Exclusive content, privileges & more - Subscribe to ThePrint for special benefits: theprint.in/subscribe/
If the GDP is so low then how am I getting an annual returns of about 20-35% in mutual funds and stocks isn't stock market is directly in correlation with GDP?
@@atulkulve2981The Print is Spreading FAKE Data,The Real GDP Growth Rates since 2014 as Per IMF are 7.4%,8.0%,8.3%,6.8%,6.3%,3.9% ,--5.8%, 9.7%, 7%, 8.2%. HENCE if you add all these & Divide it by 10(for 10 Modi Years) The AVERAGE Growth would be 6.0%, It's BASIC MATH
@@atulkulve2981The Print is Spreading FAKE Data,The Real GDP Growth Rates since 2014 as Per IMF are 7.4%,8.0%,8.3%,6.8%,6.3%,3.9% ,--5.8%, 9.7%, 7%, 8.2%. HENCE if you add all these & Divide it by 10(for 10 Modi Years) The AVERAGE Growth would be 6.0%, It's BASIC MATH
The Print is Spreading FAKE Data,The Real GDP Growth Rates since 2014 as Per IMF are 7.4%,8.0%,8.3%,6.8%,6.3%,3.9% ,--5.8%, 9.7%, 7%, 8.2%. HENCE if you add all these & Divide it by 10(for 10 Modi Years) The AVERAGE Growth would be 6.0%, It's BASIC MATH
@@atulkulve2981 don't listen to opposition parties specially congress they r the most sstupid political party of the wworld . If they had any idea about power politics they would had done popul. xchange during partition and would remain in the power atleast for next 1000 yrs coz majority of hhindu population r llibrandus & they would had voted for llibrandu parties like congress.
Comparing this data with the global rate of growth during the same time period will give better insights.
Yes , valid point
demographics and geopolitics would need to also be included. because currently both are favourable for india but were favourable to china before no thanks to any government.
Not quite - highly developed economies grow at a much slower rate than developing ones - to give you an example, the US economy grows by 2-3% on a YOY basis.
Dhruv Rathi didn't make RUclips vedio related Kasmir after balakot air attack and 370 remove. He know that terrorism has reduced not only in % , but several times down. Why to help for unwanted person????😢
The Print is Spreading FAKE Data,The Real GDP Growth Rates since 2014 as Per IMF are 7.4%,8.0%,8.3%,6.8%,6.3%,3.9% ,--5.8%, 9.7%, 7%, 8.2%. HENCE if you add all these & Divide it by 10(for 10 Modi Years) The AVERAGE Growth would be 6.0%, It's BASIC MATH
The best way for BJP to prove itself is the economy .... if they want majority in 2029.
Will uneduacted ppl of UP-Bihar ever understand? I am a UP wala btw, I think ppl don't even like the safety of their daughters and mother, all they like is their caste netas no matter what he/she do.
My vote is always for BJP
@@anirudhsharma2720same; as a UP waala, fuck our casteist people
Good economy never translated to elections in India. It depends on how government uses the economic growth to show a direct benefit to people.
Wish Economy wins you elections. Biggest infra push since 50s, single digit inflation despite global crisis, trippling of stock market, highest tax collection, growth numbers unmatched by any country despite global slowdown, IBC, most efficient PDS ever, startups, highest growth in non-public sector formal/informal jobs, resolutin to massive twin balancesheet issue and all of this while maintaining watertight fiscal amidst once in a lifetime event - covid.
Compare these parameters with any of the previous govt, some got somethings better, but none got everything right.
1952-89 : Slow growth because of Nehruvian socialist and communist policies.
1991 + : growth because of forced reform with balance of payment crisis
1999-2008 + : Growth acceleration with higher growth across the world with world trade acceleration + Reforms from Vajapayee + UPA 1.0
2014 = 2 major shocks - demonetization + Covid.
The bar charts abstracts out these nuances. Growth and coalition correlation is not causation.
Yours is the most sensible analysis including the video itself. One more factor to add here is how much could we have grown in in each of those times(potential)? One easy way to check is which major country had highest growth at that time? Last few decades it was obviously China. They shot up while we are celebrating 5.8%. We are the fastest growing now.
His argument was simply that the country can grow even under a coalition government . That there is no real reason to get into the specific. He was simply trying to counter people who have a blanket fear of coalitions
Always an excuse.
How is demonetisation not a direct correlation।
Hahahahha; you missed 2008 - 2014,, why??
The logic is very simple, if a majority party gets too secure and comfortable, their performance will go down. The government needs to be kept on its toes and the ministers should always be in the fear of being tossed out for underperformance.
Best comment
In coalition you can’t do that. No one could fire poorly performing coalition weather vanes like Laloo Prasad Yadav and DMK ministers. But Modi has fired 25% of non performing ministers every 2 years. So your comment makes no sense.
Hmm now everyone will get khata khata 1lkh
The problem Ajay, is that you not allowed to even know or debate what those problems are. Modi's party the RSS and the BJP so control Indian media that I doubt you can seriously tell me what where the issues preventing the BJP from getting a super majority.
@@ownerspride8305 "Modi has fired 25% of non performing ministers every 2 years"
do u have any source to back it up? Also, performance (execution) isn't that much of a problem as much as not have a dynamic feedback system. Coalitions are more open to in terms of their feedback system compared to majority/single party govts
I love how Data oriented and non partisan your content is Shekhar ji, it’s so refreshing. Thank you!
Sir, pls do compare the avg inflation rate(consumer price index) during all the eras.
As poverty rate remained the same during Nehruvian era, "Inequality" was lesser
Hence Nehruvian epoch is the best 😂
As per IMF 240 Millions have been lifted out of Poverty in last deacde, bring% down to mere 6% .
You are inaccurate with data.
@@abhinavdwivedi6869 bro didn't get the sarcasm
@@parvadhami980
Sarcasm which affects large masses of our nation aren't allowed
Yeah 😂😂😂
@@aniketaggarwal1224damm you are melting faster than some western snowflakes
Sheila Dixit is perfect example of managing upa and nda govts and taking delhi to a new high. In the end , it is the person at head.
What high still those horrible slums exist I hv seen open defaction in main city area of Delhi wasn't there post 2015
if that's the case then why were we in fragile five before mudi got majority 😂
Time will tell what kind of coalition this is
Whoa said something super insightful there
Dhruv Rathi didn't make RUclips vedio related Kasmir after balakot air attack and 370 remove. He know that terrorism has reduced not only in % , but several times down. Why to help for unwanted person????❤
@@RajanRaj-po9xrDhruv Rathee played his part 😂
Not for minorities but for whole Indians for sure
I would rather call the current 2024 NDA alliance as BJP+ . Essentially it will be same as 2019 BJP with some new additions
India was fragile five because of coalition government and we are being told that coalition governments are efficient :D :D
@AnuragSinha7 - Because indian union is a coalition. Each state will have a say and better for union.
Sir, GDP is not directly proportional to coalition or majority. There are events like 2K, 2008 issue and Pandemic need to consider .. it’s not linear
Shekhar ji you should have also covered the corruptions that took place during UPA govt, for which many people blame the compromising nature of coalitions.
Not fair to compare the growth rate of the 10 year Modi government with the earlier periods. This one is much too short to compare against the earlier much longer periods. Then we have to check what was the growth rate at the time Modi took over.
Judicial reforms were first envisaged in 1970s. They have repeatedly been highlighted over the next 50 years.
All states and opposition had joined in on the NJAC reforms but was turned down by the court.
There needs to be a judicial reform quickly.
Otherwise our economy won't be attractive for foreign investments and domestic industrial growth.
No one wants to put their money in a country where God forbid if you get drawn in a case, you'll have to wait for decades.
24:25 Shekhar Ji I am from Chapara After my village, two rivers (Ghaghra and Ganga) and Balia start.
Chandrshekhar was ridiculed in my area even in 2004 for "selling" India gold.
I later understood how important that decision was. But This is how the narrative is set.
BJP and Congress both set the narrative against Chandrashekhar, which still persists.
What you forget is that coalitions have never been able to take longer term decisions including stuff like GST and other structural changes and infrastructure . The real results of the a peaceful non coalition era will be coming in the next 10-20 years as we reap those longer term changes.
So, none of the reforms that are done in the past year we are reaping any benefits is it.
@@kumar.193 You are, they just aren't clear yet. The GST bill has massively improved inter-state commerce, and is a factor at containing inflation below 6% (unlike UPA era) despite massive fuel price divergences
@@berserkhorimiya
SG never talked about Inflation conveniently
FYI the 1991 reforms were not brought by majority government
I don't know if you know or not what's the relationship between double digit inflation induced growth is or NPA sheets and 'capital adequacy of banks' role in growth in the coalition period is...but I expected you to know and discuss about them.
My personal feeling is.. In a country like india
DELIBERATION and CONSENSUS building is the key to bolder reforms.. U can't jus shove down the throat something that some section of people felt is good.. Because in a country like india be it any decision.. Even though looking obviously good and needed will have some negative impact on some stakeholder.
So deliberation and consensus buding is key and this is more possible or let's say inescapable in coalition.
Point in case.
Farms laws good bill theoretically but no consensus building lead to it's downfall.. It's a complete mismanagement and pure arrogance by BJP.. Could have handled batter.. Now they did more damage to reform mvt in agri can before because of this unwarranted and haste process
Only uncontested reform ( nation wide impact, so not mentioning art370) was a success oy because its consensus built with states.
And other good example of BJP misusing it's political capital unnecessary is demonetisation.. It's a pure unilateral decision which send india 3,4 yrs back in many sectors.. It jus stopped the momentum altogether.. A decision of pure arrogance and high ignorance.
Whether majority or minority govt.. Deliberation and taking all stakeholders on board is the key to bold reforms... I get it it's super hard.. As everyone want status quo.. But that's how democracies work.. Slow and stable change is only everlasting.. Hope nda now learns it.
I completely disagree. In a country like India, the only way to do any reform is to shove it down people's throat or it will have to be shoved down when we would have no option left. By slow and steady if you mean India loosing on every major industrial breakthrough for the past 70 years and now would be on track to loose again for the next 70 years than its fine.
At the end of the day we can just agree than this is what India's identity will remain, a developing country that just stays like that. And this is what the Indian voter has chosen for the past 70 years and will keep choosing for the next 70 as well.
@@vabhdman what if the thing that is shoved down our throat is dogshit like demonetization?
What about new pension scheme which was brought 20 years back with coalition concensus and now state after state its back to OPS.
@@greenrico10 You take a big swing, sometimes you hit a six , other times you get out. But I would rather have someone who takes those big swings and if it means we get some stupid decision, you look back realise the mistake and try to take some other swings next.
But I'm clearly in the minority here, and as a democracy you have to accept the voters will.
@@greenrico10 it wasn't bad at all if it was able to achieve its intended purpose... the demonetization failing just shows how rotten our system is... everyone from common business owner to high bureaucrats all are corrupt.. no one public or government is clean
I think opening up of Indian markets in 1991, global growth rates until 2008 are the real reasons for higher growth rate during the coalition era due to happenstance and do not indicate any correlation.
So BJP is indeed what Arun Shourie called it: "Congress + Cow"
The law of average, the world was clocking avg growth rate north of 4% and India was growing at around 7% alpha was 3% while post-average world growth is 2.5% and India is clocking above 7.5% the alpha is 5%. It is easy to grow when the world is booming it is difficult to maintain when the world is in turmoil. Covid was followed by the Russia-Ukraine war which is followed was Israel-Hamas war engulfing the entire middle-east yet delivering 8%+ is mindboggling.
By the same logic 2008-2011, all world economy was in shambles.
@@brar1320 And Indian economy deteriorated after 2011 and India came to be known as one of the "Fragile Five". What was the infaltion from 2011 to 2014?
The growth from 2004 to 2008 started from 2002 and it was primarily a result of Vajpayee reforms.
@@brar1320 But Fir khali Growth rate kyu? Inflation bhi toh dekho na Upa times mein aur abh mein?
You forgot to include the major world event between 1991 to 2014. End of the cold world, emerging of a uni polar world. Loosening of world trade as a whole..
Yup, and now the 30 year peace dividend has come to an end, it lasted from 1991 to 2021 and was marked by the US withdrawal from Afghanistan and the 2022 invasion of Ukraine. These two events show a decline in American unipolarity and the limits of their influence. I would even argue that the Americans have fallen like the Soviets had, they are politically divided and increasingly unable to defend their allies (Taiwan is getting harassed, Ukraine has been invaded and Afghanistan is all but lost to them), there is a lot more pain coming there way. I don't know if they will fall like the soviets did 30 years ago, all I know is there era is over.
The Parliament will be functional after a long time, BJP has been weak in messaging or they did not bother with it when they had absolute majority, they steamrolled policies which are good reforms but led to protests over bills like farm laws and agniveer now at least the messaging will be there as to why it's required.
Agree Bihar bengal model of development will happen.bihar superpower vs somalia superpower
Farm laws like ..subsidy on Fertilizers and MSP prices for blinkit tataconsum and other online deliveries are good
Agniveer can be good for the soldiers to retire early with their first job. But pensions should be negotiated. It makes the army move stronger and confident. The Countries defense will be much stronger.
Oh come on. We have enough of unemployed youth to work as soldiers because for them, the alternative is much worse (not having a job)@venusteam001 just look at the crowds at any agniveer recruitment rally and you will know the answer.
exactly
Narsimha Rao, And Vajpayee only had the guts to go in for full throat reforms.
All others did whatever they did, all by default.
Brilliantly compiled!!👏👏
'Peddling!!' Very good Shekharji.👏👏👏 The most appropriate word for those agencies who don't know anything about our country and love to sermonise to us.👍
Mr.Shekher,
The growth by itself cannot be evaluated,unless compared with global economy.Then clearer position will emerge
We should also look at inflation. Under a BJP govt, growth is a bit less, but inflation is even less. Growth under Vajpayee and Modi, was mainly due to govt investment, while consumption was less.
A subsequent Congress govt pumps money after BJP's reforms, which gives higher growth due to consumption, but soon is overshadowed by much higher inflation, which topples them.
Growth from 2002 to 2008 was fuelled by global economic boom,and thereafter by deficit financing till 2013.Shouldn't you have said that?
do analysis based on congress vs non congress. BJP worked for core correction and congress worked for damaging core
I was sceptical after the results but this renewed my spirits and changed my perspective! Thank you for reminding me that my favourite PM was running a minority government! Thank you, SG
Who else scam boy Manmohan hi hoga 😂😂😂
We're discounting the covid period in 2014-2024 era which reduces growth average significantly. You might say we had 2008 financial crash, but then pre 2008 crash we had a huge economic bubble where we saw more than expected growth. Plus in 1991 we had economy opening up which spiked the growth in all sectors.
Sekhar, It was Monmohan ji, as FM and PM Narashima ji within those era that we are standing somewhere today. Had, Narashima was there, to start 10 years earlier, we could have been where China is now.
We missed the train there
Saving economy from default isn't an achivement they allowed this situation to happen
True.
To be fair, PM Modi inherited a very fragile economy with PSU banks almost at zero net worth.
Tough reforms result in low growth in short term, but benefits happen later. Modiji had the courage to take the tough decisions and we will see the gains coming in future.
Had covid not happened, the growth graph would look very different.
GST slowed down the economy and then came COVID. Even after that a CAGR of 5.1% is excellent. No doubt that without COVID and GST introduction it could have been north of 6%.
One big issue with the data analysis, you should include data for each year in the chart, and then color/group sections based on coalition or stable govt. That will provide a better picture of the trends going into each type of regime.
other than that good perspective 👍
Now we fear coalition politics ( hard bargains, aspirations)not necessarily coalition govt...
Excellent analysis. One without narratives . Clean edit. We love this kind of work SG. Kudos to you and your team.
Thank you.
Presumption is the word Mr. Gupta
Excellent analysis with different data points about coalition govt. Kudos to Sekharji and 'The Print' team . ❤
The first coalition period saw liberalisation of economy maybe that accounts for the extra boost.
Should be taken into consideration.
Lpg was carried out in an unaesthetic and an unplanned manner it increased inequalities
Now this government won't be compared to Indira Gandhi's government
19:45 SG, have reported this in past as well and you seem to not correct yourself. "Ease of mining" is not a reform or achievement of any govt, clearances by environment ministry should be preceded by proper Environmental Impact Assessment (EIA) and ecological considerations. Wildlife and forests are not resources, they are our treasure.
Everything I mean everything has an impact of environment, so let's stop everything like in lockdown times.
@@may4u310 sustainable development exists
@@randomstranger7989 really ? In which country?
@@may4u310 why go outside country. Check how NH44 has been constructed inside Pench national park with so many underpasses for wildlife
Don't blame demonetization alone for breaking momentum. Raghuram Rajan put a break on bank lending, due to the NPAs, by putting banks on Prompt Corrective Action. I must add Rajan didn't cause the NPAs, but Chidambaram et al did. How can companies grow, if they don't have credit? Also, the ILFS crash broke the NBFC sector which affected loans for consumer spending especially in automobiles. Prof Ila Patnaik had written on this.
Loans were given in UPA era when growth had peaked. They would not have become NPAs if economy had continued to grow at 8% as in 2019-11. Policy paralysis caused by 2G propaganda followed by other mishaps changed the scenario.
Hi Shekhar ji, surely you cannot ignore the larger geopolitics of the eras when comparing performance of coalition v/s non coalition? Eg. Impact of oil embargo after the yom kippur war etc. the late 90s to 2008 also marked an era of relative stability, seems correlated with higher growth rate. In comparison, today the world outlook is quite uncertain, which is bound to affect the growth rate.
But Ind still growing at 8%
Demonetization was to stop fake currency from Pakistan. Pakistan is shattered today.
Therefore Demonetization has reaped rewards.
Inflation ko kyo bhool jaate ho tumh log 😂
We need to see and hear the murmurs of what is happening already. Calls to scrap Agniveer. Will Farm laws come back which it was possible for a more assured government. Will labour reforms continue which is a must for further development of the startup environment. Further modification of tax for both corporate and the individual, will it happen ?
Our age dividend will not last forever. We need faster implementation of reforms and will that be affected is a worry.
Thank you for the video and statistics
Kindly also compare performance of indian economy with other major economies in different eras you will get true picture.
Coalitions are inherently weak so the question is how weak is this coalition. One advantage is that here, the BJP has 240 MPs while previous coalitions had much lower numbers with the major player. None the less, coalitions eventually disintegrate. If this one lasts 2 years it will be considered good. Frankly it is good to have an election after 2 years. But that would be good only if the outcome will be a decisive majority for one party.
Elections are an expensive and exhaustive Affair. Hope the alliance lasts for full term
This guy is a bhakt he thinks Indian history started from 2014.
@@DataCrusade1999 Chamche bhakts know the India's Political history from the 90's he is just a random Nigga
Oh yeah the pathetic congress wouldn't even get to 150. So it was always a kichdee of corrupt families.ftom different states
@@DataCrusade1999nonsensical comments like this is why Indian politics sucks. Waitress worshipping slaves just use that word and think they won the argument. While sniffing the shoes of the waitress and the family.
I am sure Mr Gupta is very unhappy with these results but this is a great result for Indian people ....
I like the optimistic view of SG ! Bravo !
I respect sir and his efforts to bring out the authentic data and knowledge around the issues.
i would just like to give a small suggestion, these type of videos with large content and data compressed in around 25-20 minutes become monotonous and it is difficult to retain all that information in a go, i suggest to make videos more creative by adding animations and keep the audience hooked on the topic.
My apologies if it hurts sentiments of any🙏
Good analysis by Shekhar but one thing that I caught and really don't agree with is that "NDA inherited a strong economy from UPA 2" infact growth had sputtered and India became part of the fragile 5 economies.
@anandaama, Please provide only 3 concrete examples, about collision gov. so called "bold reforms" mind you economy is a continuous process regardless of government, The biggest reform of1991 was forced upon by IMF after India had to mortgage their Gold. Genuinely wants to know.
What creates huge discrepancy in Comparison of Figures...
The Global Growth Rate of Time
+
Base Effect - Smaller base amount is easier to grow - Same is true for GDP
Mr. Modi is humbled by a section of Dalit, OBC and Kshatriya voters in the misconception that RG will deliver more but a survey conducted today will find the regret they would be carrying for voting in that manner.
Time for some grand gesture to Dalits in scale of ram mandir.
Time for reforms related to salary structure so that any unorganised sector can be covered under ESI if not PF. Self filling options without the need of consultants will encourage micro businesses to enrol their recruits.
Incentives for businesses related to employee strength, particularly unskilled , partly educated employees will spur employment generation.
Easier norm to convert farm land to industry land for non-polluting, non-hazardous industries.
Highly subsidised electrical connections to converted lands or loan type rebate for new connections over 5-10 years.
Finally a roadmap for business and politics, the mistake we all deed was to mix both of them, therefore the lesson is that very strong dose of propaganda with freebies is the key for electioneering along with micro-management of candidate selection and micro-management of public feedback system. Dot alliance’s performance was fluke which make them happy because they can breathe till the next fight.
Brilliant episode!
Presumption is a good translation!
Mr Gupta,
Nice analysis however one major factor that you overlooked is the fact that the jump in economics parameters/numbers during the UPA coalition was essentially on account of the economy opening up for the first time by Mr Rao. Thereafter if the same has been sustained by NDA/BJP, despite slowdowns attributed to COVID etc, is creditable by all means.
Let's wait and watch if the present coalition succeeds in getting it up to the post 2014 period the net gainers would be all of us.
Regards
Excellent analysis and arguments.
Sir but before 1989 the base is very low, hence the growth rate is very high contrary to post 2014
Good History Mr.Shekhar . Thanks very informative video. Hope people understand historical facts previous PMs contributions and newly elected gov leader continue country’s growth.
Shekhar ji, Namashkar !!
Brilliant as you are and considering that, you not only have to live among the current reality but thrive as a leading journalist and take Print forward, I also wish to add to what you narrated in this episode.
All your data must be true to the point. However your analysis of that data was cleverly missing.
I wish to add for the readers that it takes at least 5 to 10 years for the results of certain decisions taken by a government to show up. The translation of the good work done takes time to have its affect. Most coalition governments reaped the benefits of majority governments before them and vice versa. Only a very careful and detailed analysis can bring about the Right credits/discredits about a certain government. The data can otherwise be misleading.
I know for a larger good you sit the talk very carefully.
I admire you for being a very responsible journalist.
Jai Ho !!
The difference this time is that the leader is maglomaniac who wants to call all the shorts. He is strong headed while the previous co-alition leaders were not considered larger than lives and saviours.
Shekhar is right that coalitions have not hurt growth in India especially if we check during last 30 years which is more relevant. Moreover note this- India being a developing country, its growth in each decade is required to be better than previous one till it reaches double digit. This has largely happened except in seventies ( Bangla war & Janata Party period) & Modi decade. 4% growth in Nehru era looks low now but it was a fantastic improvement over 1% in British era. Each regime should be compared with its predecessor & successor & contemporaries. During Covid year Bangla & China grew at +4%, Pakistan at -1%, India at -6%.
This edition is giving good insights. But please prepare the sane comparison in 4 parts. 47-89, 89-2004, 2004-2014 & 2014-2023. Also compare the same with international average figures. I think this may give more meaningful insights.
The 1991 saw liberalisation of the economy, we would have to take that into account
And it was forced
It would have been better if that step would have been taken in Nehru's time only
I really find this story very interesting….keep this going sir….
Could you also include the type of industry started and adding value in it…. And what were the new technologies that India began in those eras…
Thanks by Sumantha
Great Analysis Sekharji and the lead up with ratings was awesome. These episodes should be must watch for any youngsters to improve their presentation skills. You did save the best for the. Last. Pranams to Dr PV Narasimharao ji
Sir I just wanted to know on what basis you have clubed various sections. Or the data itself is available on MoS&PI in such manner l?
This comparison is a slight of hand.
Shekhar Ji,
The statistics do not tell the truth !
Satbility and one party rule in socialist era cannot be compared with open market economy under a coalition ?
Rationality suggests that a majority Govt and a market economy are the best for refirns and economic growth.
Narendra's achievement of house for ram lalla after 500 years, statue of unity the world most sought after tourist destination, vande barath express connecting people, statue of valour, statue of equality, statue of Lord Hanuman in Morbi, Gujarat
SG is erupting with well read political history with economy 🔥🔥🔥💫
Brilliant analysis with in depth information with shekharji twist👍
Finally some analysis 👏🏽👏🏽👏🏽
From an investor's point of view, prudent investment takes place during coalition Govt while trading and speculation can go wrong during absolute majority Govt.
Wonderful work Prof..
beautiful .... beautifullllllllllll........beautifulllLLLLLLLL!!!!
my understanding of democracy goes up and up because of you!
ONLY you help me solidify my knowledge base!
and there is nothing else that I can ask from anyone but you!
thank you !
SiR
All the good data from coalition period is because of one single biggest event , that is Liberalization. And that happened because India went on brink of bankruptcy, not because it was a coalition government.
In the aggregate many things will look good but some issues need to be pointed out. Mr Chidambaram's dream budget later turned out to be a nightmare. The expenditure thru salaries & pensions went thru the roof because of CPI. Banks were in bad shape and Mr Jaswant Sinha did a lot to bring them back to good health.
SG is providing self contradictory analysis. On the one hand he is referring to the first stable epoch with Nehruvian socialism and on the other hand he is comparing it to Modi era of right wing economy. That too lasted merely 10 years. Definitely if we would have a more capitalistic approach after independence, the picture would have been much different.
Truths are being heard loud and clear after Narendra has been cut to size
I wish this episode reaches to many people.
A Hindi version may be more effective for this
An excellent talk. Congratulations Shekhar!
Thank you, my friend, for appreciating and supporting our journalism. I'm glad you liked this episode. Do keep watching and writing in...best wishes, Shekhar
A very interesting presentation. Shared with many friends. Assuring. Reduces chances of autocracy, ChandraBabu Naidu and Anadhra will gain. He was shabbily treated by Jagan Mohan
Perfect ctc : Indians have seen 10 years of strong majority govt and are therefore finding it difficult to digest a coalition. I wish that govt takes course correction on small business / traders : too many compliances , returns , visits to CA office . We are always bogged down with govt regulations.
Yes strong central government doesn't mean they can't take inputs from all the stakeholders. Many people incorrectly believe that China is a strong one-man show state and nothing can be farther from the truth. The Chinese central government takes inputs from it's civil society as well but the final decision is taken by the central government which is based on meritocracy. Just because Indian mindset is more prone to turning dictatorial when in absolute majority doesn't mean strong central governments are bad.
We like this transition of Shekar to his previous liberal self of 2018-19🥳
Sekhar sir, I am seeing a great patriotic message from you 🙏
Thankyou sir
Lpg reforms were main engine behind the growth than the coalition govt.
Good Anology
Shekhar Sir Ur Comparing 25 Years of coalition era with 10 Years of Stable Era....25 To 25 Years karo...
Better insight will be comparison with forex and the budget deficit as well as public debt.
Very good analysis.
Thank you, Ravinderjit. I'm glad you found this episode insightful. Do keep watching and writing in...best wishes, Shekhar
Nice episode!! It is worth noting that both the times, in UPA-1, it was CPI & in UPA-2, it was the DMK that left the coalition due to foreign policy issues. However, it was made sure that domestic political compulsions don't have any adverse impact on India's strategic interest. It's anybody's guess how the full majority Modi govt. fared on that front.
Purvagrah = Prejudice. Does popular mandate mean stable government or is it pressure cooker without turning off the gas? Does coalition government means unstable government?