Hi, i want to visit the stability in government policy bit. I am of the opinion that there is no stability. I have multiple examples for that - consistent change in tax policies, for example export tax for steel and the last year debacle on import ban on electronics. Another big example is when the government was pushing for farm laws that meant more free market. At the same time, they also banned exports on onions. Another issue I have with them, is that the bjp government is not free market capitalist but crony capitalist who want to build national champions.
Points taken, its true that decision making has seen many back & forth in terms of new acts and implementation which hurts business, the point in blog was a bit more focused on the long term perspective where the overall signaling has been towards continuation in structural reforms.
But I don't believe the continuation has stopped since NDA 2.0. There were a bunch of reforms happening in NDA 1 - Inflation targeting, Insolvency & Bankruptcy, etc. There are still ideas floating around on the much needed labour & land reforms. However, they seem to have lose the political will to pursue the above goals. If the govt wasn't able to do it in full majority, I don't see how they will do it in a coalition govt. They may have decent economic ideas but lack the political thought and ability to pursue other parties to move the necessary laws.
Hi, i want to visit the stability in government policy bit. I am of the opinion that there is no stability. I have multiple examples for that - consistent change in tax policies, for example export tax for steel and the last year debacle on import ban on electronics. Another big example is when the government was pushing for farm laws that meant more free market. At the same time, they also banned exports on onions. Another issue I have with them, is that the bjp government is not free market capitalist but crony capitalist who want to build national champions.
Points taken, its true that decision making has seen many back & forth in terms of new acts and implementation which hurts business, the point in blog was a bit more focused on the long term perspective where the overall signaling has been towards continuation in structural reforms.
But I don't believe the continuation has stopped since NDA 2.0. There were a bunch of reforms happening in NDA 1 - Inflation targeting, Insolvency & Bankruptcy, etc. There are still ideas floating around on the much needed labour & land reforms. However, they seem to have lose the political will to pursue the above goals. If the govt wasn't able to do it in full majority, I don't see how they will do it in a coalition govt. They may have decent economic ideas but lack the political thought and ability to pursue other parties to move the necessary laws.