Election May Dictate Pace Of Economic Policy Changes

06 March 2012 - Which Way to Pay

Email Article Print Article
    


Election May Dictate Pace Of Economic Policy Changes

India’s ruling Congress party is lagging behind as votes are counted in an election that may dictate the pace of economic policy changes Prime Minister Manmohan Singh is seeking to boost growth. The Indian National Congress Party and the Nehru-Gandhi dynasty suffered a defeat in a pivotal election in the country’s largest state, Uttar Pradesh, leading many to question their political mandate at a time when the party and family were already struggling to advance their policy agenda in New Delhi.

Under the Congress party, the country’s gross domestic product grew by a measly 6.1% in the last quarter of 2011, its weakest in three years. Economic reforms have also been lacking since the party won the general elections in 2009.

Analysts are saying that the results in Uttar Pradesh and elsewhere, just two years before the planned national elections, will make it more difficult for Indian policy makers to bolster a slowing economy and improve the productivity of an administration that has been under attack for corruption scandals and making decisions too slowly.

However, despite voters punishing congress for corruption and high inflation, fear of losing 2014’s general election might cause the party to take necessary action on urgently needed reforms. 

Congress still has two years in which to win over the Indian public.

news_02.jpg
 

Related Links:
• India's Government
The National Portal of India
• Indian Elections
Election results
• Economic Calendar
For scheduled economic events
• Latest News
For the latest economic news

PRODUCT RANGES:

CURRENCY EXCHANGE
Compare Foreign Exchange and Currency >>

LOAN PRODUCTS
Compare Loan and Debt Products >>

CARD PRODUCTS
Compare Cards Products >>

MONEY PRODUCTS
Compare Money Products >>

INSURANCE PRODUCTS
Compare Insurance Products >>

When the planning starts for that special day in everyone's lives , There is always the worry and stress of how much strain it is going to put on your financial situation . Marriage loans are helping lots of people to ease this stress.
08 August 2015
Which Way To Pay
Marriage loans have been introduced to help prepare for the expense you will incur when celebration the most special day of everyone's life.
Read More >>
As everyone wants that big day to be perfect , there is also a hefty cost that comes with it .
14 May 2015
Which Way To Pay
Marriage isn't a cheap affair that's why Marriage loans have proven so popular across India.
Read More >>
Everyone want the best education , But financially this can be a worry
07 October 2014
Which Way To Pay
Getting the best education is the main priority in most people's lifetime.
Read More >>