IANS | 25 Apr, 2024
The NDA rule of the last 10 years has shown superior numbers on GDP
growth, inflation, CAD (Current Account Deficits), unemployment and FDI
ex of pandemic year compared to the UPA regime, broking firm Prabhudas
Lilladher said.
Under the NDA regime, tax collection has been robust, government
CapEx has seen multifold increase which has kept the economy growing at 7
per cent despite global slowdown.
Rural development, food
subsidy, domestic electricity connections, LPG have shown an upward
trajectory under both regimes, the report said.
The NDA's focus on
infrastructure is visible as CapEx is 4 times during NDA II than UPA
II, the length of the highway has more than doubled and the number of
airports have increased from 74 to 146.
The NDA rule of the last
10 years has shown higher GDP growth, lower inflation, lower
unemployment rate, lower CAD and higher FDI. Tax collection has picked
up significantly during NDA due to benign rates and better compliance.
Government-led CapEx has led to sustained growth amidst global
headwinds.
NDA has undertaken several important reforms including
FDI in insurance, Air India privatisation, FDI in defence, reduction in
corporate tax and retrospective taxation changes, the brokerage said.
Nifty
is expected to scale up to 25,810 levels by December 2024. The upward
mobility in Nifty is attributed to the continuation of the NDA
government and La Nina-led normal monsoons which is expected to provide
stability in policies and boost demand economic growth, the brokerage
said.
