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A Look at the Economics behind BJP's Victory
Pointing out that it is reasonable to assume that economics played a very significant, if not decisive, role in the Bharatiya Janata Party's victory in the 2014 general elections, this article says that there is a clear correlation between the BJP's victory and the prevalent economic situation. It was not surprising that Narendra Modi was able to capture the electorate's imagination with the picture of an economically resurgent India under his leadership.
Narendra Modi’s victory and his campaign strategy, together with the decimation of the Congress, have been subjects of close post-poll scrutiny. However, most of the analyses seem to focus on sociology and politics, without delving too much into economics. Modi and his supporters, ranging from his party men to businessmen and intellectuals, hailed the victory as the people’s mandate for the former Gujarat chief minister’s “development” politics. His detractors, on the other hand, pushed aside this claim, and instead branded it a victory of communal polarisation. A balanced argument that tries to understand the role of both these claims is lacking. This article seeks to examine the Bharatiya Janata Party’s (BJP) victory purely from an economic perspective.
Economic Slowdown to Growth
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