Wednesday, May 13, 2015

An article by visiting editor for ET..... Both NaMo and RaGa can learn somethings

Hi All,

An interesting read...

What is been mentioned I think Modi doing the same.... All those people crying for Land Bill please read and try to understand..

Many lessons flow from David Cameron's victory in the British elections for Narendra Modi and Rahul Gandhi. First and foremost: it's the economy, stupid! Economic performance in your last two years matters hugely, even though it's not the only factor.

The last Labour government ended with an economic downslide and so lost the 2010 election. David Cameron assumed office and bravely opted for sustained initial austerity and pain. He promised this ultimately provide rising growth and employment. He delivered on that strategy, and was voted back.
Time for Gain, Not Pain

By contrast, the UPA 2 registered 8% growth in its first two years and barely 4.7% in its last two years (old GDP series). However, had the timing been reversed, the UPA might have been re-elected. Instead, it crashed to ahumiliating defeat.

The lesson for Modi: don't hold back, take tough decisions in your first two years — in infrastructure, electricity reform, bank reform, red tape, corruption. Don't worry about temporary dips in your .. 


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