Indian economy is considered as one of the major economies in the world. It has got a strong position in the developing economies. As it is known to everyone India is the largest democracy in the world. The growth of a nation is directly linked with the prevailing administration of that particular country. This is evident if we take the case of any country. Our neighboring country Pakistan is the best example. Pakistan lacks strong leadership as a result the country is far behind in the run for development.
Democracy is considered as the best system of administration in the world. It is more fruitful when deals with massive number of people. India has got a billion plus population. To address all their needs at the right proportion is a Himalayan task and sometimes it is impossible too. India is a democratic nation (highly democratic one must say!). As a result of this politicians emerged as the superstars in the system. It is widely considered that politicians in India are the true leaders of the nation. It is through their hands the funds are flowing. Funds which are meant to address the basic needs of the billion plus population. There is a famous saying which tells how can a country be rich. It is only through the richness of the people. When the people in a country become rich the nation will automatically rich. When the living standards of the people in a nation improve automatically the nation also improves. The point is that the politics of a nation determines the economical condition of a nation. These things are interrelated. If you live in a capitalist economy this theory is very well applicable.
Indian Political Situation
General elections are going on in India. On May 16th the results will be published. The political picture of India will become crystal clear after that. As a result of the aggressive campaigns about voting active youth participation has been taken place. More and more people are willing to exercise their franchise which is a good sign for democracy. People are more concerned about politics and they are eagerly waiting for change. The main agenda for all the political parties were development. All others came second. Development had become a mantra in recent past. Are you with or against development is the question often asked. Coalition agenda and government formation come only secondary.
After all the fumes it is a fact that India is a developing nation. 20 crores of the people of this country don’t have a roof over their heads. Unemployment is a matter of concern. It is the realty of a nation after 60 plus years of independence. Politics was feudal establishment in India before 70s. Congress was the superman in the system. India population was away from that untouchable system. After 70s particularly late 70s things changed. Congress party itself had undergone some changes. But the autocratic mentality didn’t change much. Janata party and left movement came in to lime light. But they can’t fully destroy the congress supremacy. Jawaharlal Nehru, Indira Gandhi, Rajiv Gandhi the Gandhi supermacy went on for decades. 90s were bad year for Indian politics. Then India political horizon widened and BJP stormed into the front. Regionalization of politics had taken place coalition had become the keyword of Indian politics.
In the developmental scenario things didn’t change much. Indian poor became more poor and farmers were forced to commit suicide. After 1992 religion had become an unavoidable menace in Indian politics. Now the agenda of politicians has been shifted and now it is development.
The election campaign caption of the NDA government during 2003 general election was India shining. They used all the government machinery to boost the idea of India shining which was a successful ad campaign but the NDA didn’t get much support from the common man and the very campaign created an adverse effect on the then ruling NDA government. This very movement benefited UPA government and they came in to power after the general elections of 2003.
Effect on the market
During NDA regime the growth rate of the country was just above five percent. But when the UPA government came into power the situation became different. The growth rate of the country recorded an upward trend. It reached 9 percent market during UPA regime. But at the tails end of their innings there were some problems. Nuke deal with the US was a controversial issue. The fate of the UPA government was in big trouble but they somehow managed the crisis and emerged as winners.
After the general elections there is a big question mark. UPA, NDA or third front that is the question which requires an answer. There may be another answers too. The recession fears are slowly moving under the carpet and markets are welcoming FIIs with full stretched hands. Before the first phase of the general elections markets were some where in the 9000marks and now it is wandering in the 12000mark. This is a good sign as the economy is concerned. A stable government will do the trick of improving the market. This will in a way benefit the overall well being of the country.
Let’s hope for that because unstable government will only lead to unstable economy. Every political party nowadays is crying for development and it will be their duty to guide the country in the road towards development. The time has come that political parties should work to make India a developed nation.
Democracy is considered as the best system of administration in the world. It is more fruitful when deals with massive number of people. India has got a billion plus population. To address all their needs at the right proportion is a Himalayan task and sometimes it is impossible too. India is a democratic nation (highly democratic one must say!). As a result of this politicians emerged as the superstars in the system. It is widely considered that politicians in India are the true leaders of the nation. It is through their hands the funds are flowing. Funds which are meant to address the basic needs of the billion plus population. There is a famous saying which tells how can a country be rich. It is only through the richness of the people. When the people in a country become rich the nation will automatically rich. When the living standards of the people in a nation improve automatically the nation also improves. The point is that the politics of a nation determines the economical condition of a nation. These things are interrelated. If you live in a capitalist economy this theory is very well applicable.
Indian Political Situation
General elections are going on in India. On May 16th the results will be published. The political picture of India will become crystal clear after that. As a result of the aggressive campaigns about voting active youth participation has been taken place. More and more people are willing to exercise their franchise which is a good sign for democracy. People are more concerned about politics and they are eagerly waiting for change. The main agenda for all the political parties were development. All others came second. Development had become a mantra in recent past. Are you with or against development is the question often asked. Coalition agenda and government formation come only secondary.
After all the fumes it is a fact that India is a developing nation. 20 crores of the people of this country don’t have a roof over their heads. Unemployment is a matter of concern. It is the realty of a nation after 60 plus years of independence. Politics was feudal establishment in India before 70s. Congress was the superman in the system. India population was away from that untouchable system. After 70s particularly late 70s things changed. Congress party itself had undergone some changes. But the autocratic mentality didn’t change much. Janata party and left movement came in to lime light. But they can’t fully destroy the congress supremacy. Jawaharlal Nehru, Indira Gandhi, Rajiv Gandhi the Gandhi supermacy went on for decades. 90s were bad year for Indian politics. Then India political horizon widened and BJP stormed into the front. Regionalization of politics had taken place coalition had become the keyword of Indian politics.
In the developmental scenario things didn’t change much. Indian poor became more poor and farmers were forced to commit suicide. After 1992 religion had become an unavoidable menace in Indian politics. Now the agenda of politicians has been shifted and now it is development.
The election campaign caption of the NDA government during 2003 general election was India shining. They used all the government machinery to boost the idea of India shining which was a successful ad campaign but the NDA didn’t get much support from the common man and the very campaign created an adverse effect on the then ruling NDA government. This very movement benefited UPA government and they came in to power after the general elections of 2003.
Effect on the market
During NDA regime the growth rate of the country was just above five percent. But when the UPA government came into power the situation became different. The growth rate of the country recorded an upward trend. It reached 9 percent market during UPA regime. But at the tails end of their innings there were some problems. Nuke deal with the US was a controversial issue. The fate of the UPA government was in big trouble but they somehow managed the crisis and emerged as winners.
After the general elections there is a big question mark. UPA, NDA or third front that is the question which requires an answer. There may be another answers too. The recession fears are slowly moving under the carpet and markets are welcoming FIIs with full stretched hands. Before the first phase of the general elections markets were some where in the 9000marks and now it is wandering in the 12000mark. This is a good sign as the economy is concerned. A stable government will do the trick of improving the market. This will in a way benefit the overall well being of the country.
Let’s hope for that because unstable government will only lead to unstable economy. Every political party nowadays is crying for development and it will be their duty to guide the country in the road towards development. The time has come that political parties should work to make India a developed nation.
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