pm’s word

Source: The Hitavada      Date: 06 Oct 2017 12:25:38

THAT he will not jeopardise the future of the country for present gains, is one assertion that Prime Minister Mr. Narendra Modi need not have made at all. For, leave alone his sworn political enemies, there is no one in the country who will ever think that he works only for the present gains. Ever since he took over as Prime Minister, Mr. Modi has done only one thing and nothing else other than working the hardest to carve out a better future for India.

Yet, he did send a wave of cheer in the people as he stressed in his address to company secretaries that he had a long-term goal and did not work for immediate gains, and that future gains were an integral part of his mission and vision. At a time when uncalled for criticism was being heaped upon him and his policies, the Prime Minister rightly sought to dispel any misgivings about his inclusive approach to the economy. It must be said that he did his job -- of putting across his firm views -- remarkably well. 

No matter his assertion, there is a section of public opinion in India that suspects rightness of the current economic policies. And fears of this section needed to be addressed. Mr. Narendra Modi has done that very well, winning hearts and convincing even critics that intentions are all right and implementation is in the right direction. In the nutshell, he communicated some basic sense to the people: True, there might have been some hitches and glitches in policy-framing and policy-implementation. True, there might have been some issues that needed a better handling. Yet, whatever has been done was with the intention of accruing long-term benefits rather than being happy with immediate gains based on political expediency.


What has often appealed to common people is the transparent honesty with which the Prime Minister communicates, either through his speeches and tweets and statements or through his personal connect with thousands of people across the landscape. This ability to convince the people, to win them over to his way of thinking, cannot be only a public-relations exercise. Much to the contrary, the people have felt that the Prime Minister is very open-minded and communicates much sense when such transparency is not in evidence in India’s overall political discourse.


Of course, there has been some decline in economic statistics. The Government did certain re-scaling of the parameters and indicators. Now also, that process is going on, as was indicated by Reserve Bank Governor Dr. Urjit Patel. Yet, except for minor adjustments, the Reserve Bank has retained most parameters the way they have been in the past quarter. This seems to be in tune with the assertion of Finance Minister Mr. Arun Jaitley on two occasions in the recent past that things would get sorted out only through small realignment of issues.


Of course, the national economy saw a considerable slide down in Gross Domestic Product (GDP). Yet, other statistical details are heart-warming. The Prime Minister has insisted that inflation has come down from 10 per cent to 2.5 per cent, fiscal deficit has slipped from 4.5 per cent to 3.5 percent, and the Current Account Deficit has shrunk from 4 per cent to just one per cent. These are huge compensations that the people can only ill-afford to lose sight of. The Prime Minister has done well to highlight these gains that became possible through astute management of various economic parameters without having to manipulate those for popular consumption.


Mr. Modi’s speech has made the right corrections in the perception of a section of public opinion. His honesty of intentions is visible. Everybody appreciates his personal integrity and loyalty to the idea called India. His biggest plus point is that the youth of India are firmly with him, beyond politics.