BJP's electoral victory saw Sensex rise by over 1000 points in early trade. Here are six significant factors contributing to the optimistic sentiment in the economic landscape.
india Dec 04 2023
Author: Team Asianet Newsable Image Credits:Our own
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Stock Market Surge
The immediate market response, which saw Dalal Street go up by over 1,000 points, reflects confidence in the BJP's governance
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Stability with Majority Govt
With an absolute majority at both the central and state levels, the BJP can make decisive economic decisions, providing a conducive environment for growth.
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Focus on Capital Expenditure
The BJP govt has consistently prioritized infrastructure development, allocating Rs 10.5 lakh crore for capital expenditure. This infusion of funds stimulates cash flow
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Growth in New Sectors
Initiatives like Make in India and Production-Linked Incentive (PLI) schemes introduced by the BJP government have spurred growth in new business sectors.
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Emphasis on Digitalization
By championing Digital India, the BJP government has effectively curbed economic leakages. This focus on digitalization has streamlined the distribution of budgetary benefits
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Positive Economic Indicators
Over the ten-year tenure of the BJP, the inflation rate has not breached double digits, and the GDP growth rate has averaged over 5%, reflecting a robust economic performance
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Positive Approach and Fiscal Control
The BJP govt's consistently positive approach towards the economy has contributed to maintaining fiscal discipline. This optimistic outlook has kept the economy positively aligned