Wednesday, May 6, 2015

First Year of Narendra Modi Government - May 2015 - Assessments and Evaluations by Experts from India and Abroad

Shri Narendra Modi took oath as Prime Minister of India on 26 May 2014. He will be entering the second year of the five year term on 26 May 2015. Already the first year reviews have started appearing in the press as well as digital media. Also TV channels are organizing panel discussions. I shall try to follow some of them in this page.

5 May 2015

In USA, US International Trade Commission held public hearings on India - USA business relations. Rick Rossow of Center for Strategic and International Studies gave the opinion, in the first year Modi government has done better than Vajpayee and Singh Governments to improve business climate.

He said that the focus has  been on economic decisions with a prospective effect and much  attention was not paid on issues that are current investor concerns,

As at the end of February 2015, FDI  for the most recent 12 month period is $32.5 billion which is 38 per cent over the corresponding 12 month period.

At the end of April 2015, foreign institutional investment for the 12 month period was more elastic at $47.2 billion up by 640 per cent over the corresponding 12 months.

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