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      • Expectations From Modi: Running...
      India Hangout

      Expectations From Modi: Running Ahead Of Reality?

      By - BOOM |
      Published -  8 May 2014 6:45 PM IST
    • Boomlive

      Yes they are but the general feeling is that things cannot go any worse, and even if half the promises are met, that, in itself, can make a huge difference to the country.

      The Boom News's show #TheIndiaHangout got together Govindraj Ethiraj and Ayaz Memon with Dr. Surjit Bhalla, chairman of Oxus Investments and investment banker Udayan Bose.

      And the following points emerged from the 30-minute chat:

      * Expectations from Modi is that the moment he comes to power, prices will go down, employment will go up, industrial production will improve... like he is magic: Bose

      * Even if half the expectations are met, that itself will be going a long way: Bhalla

      * BJP will start on a high note, and they will maintain that high note: Bhalla

      * Even without elections, the Indian economy would be growing at 6-6.5% for 2014-15: Bhalla

      * In the first 100 days, the BJP Government can change the mindset of the Indian economy from a welfare state to a growth state: Bhalla

      * In the first 100 days, Modi has to create a perception that this is a stable govt that follows the constitution: Bose

      * How Modi will encourage RBI will have to be seen: Bose

      * Meeting part of the expectations would be tackling food inflation and Modi would try and bring it down: Bose

      * He would vote for GST, which could add 1% to GDP: Bose

      * We are tired of the word secular: Bose

      * Situation is so bad on every front, it is very easy to make difference: Bhalla

      * If UPA comes back to power, it would be a disaster: Bhalla

      * A welfare economy, 18th century economy, 18th century mindset, their DNA is socialist economy: Bhalla

      * I don't think "lady" at the top has any idea about economics: Udayan Bose

      * UPA coming back to power would be a disaster from every point: Bose

      * Outgoing Finance Minister has literally cleaned up the treasury: Bose

      * UPA Government did not even understand basic problems of the economy: Bose

      * Hindutva is a non-event in the economic sense: Bhalla

      Tags

      Ayaz MemonElections 2014Surjit BhallaTheIndiaHangoutUdayan Bose
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