Sunday, August 31, 2014

Achche Din are here

Ever since Narendra Modi became PM, a few friends who did not like him because of any reason started posting on FB “Kya yahi hai achche din? Achche din kab ayenge?” every time there was a news of crime or anything that went wrong. How could one say if good days have come or not; since some crime and some bad news will always be there? Then we got this news: “Q1 GDP growth at 5.7% versus 4.6% QoQ; hits 2.5-year high!” 



This much higher GDP growth in Q1 was also result of some good decisions taken by UPA govt in its last months; since all such decisions witness a time lag to reflect in GDP numbers. But in April-June quarter a larger contributor was economic sentiment which was going bullish since it was almost clear that NaMo was coming to power. And good decisions by NDA would have impacted performance in Q1′s last weeks for sure.

So now we have empirical evidence which proves that “Achche Din” are here.