Decoding 6yrs of Narendra Modi's political economy.
With the slowdown in the domestic economy and the technical recession that has been caused by COVID 19 induced lockdown in the Q1 of 2020 a lot of ‘economists’ have been writing obituaries for the Indian Economy. The Stock market fell about 30% in April and then everybody was projecting the doomsday scenarios and were like ‘look I told ya’ they don’t understand economics. The same guys have now changed their positions as markets traded at all-time high just 8 month after pandemic. Also in a democracy were mandate of the people is considered the barometer, Modi led BJP has not just retained power in 2019 but has also been making gains in the majority states. So what’s the myth and what is the reality. This piece is not about the narrow data point to argue one way or the other but just too simply lay what the trajectory of reform initiated by the Modi government is. The 1 st tenure: Modi with his 282 was thought of continuing on the ABV path, and initiated with the land reform bill wh