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Tuesday, October 26, 2021

Economics and elections


PUJA AWASTHI | New Delhi, December 13, 2013 10:52
Tags : cooking gas |fuel |Rajasthan |Ashok Gehlot |Congress |BJP |

The relationship between economics and politics has turned somewhat twisted this poll season. While the Congress, some believe, has paid for the hiked price of cooking gas and fuel, in Rajasthan despite a slew of populist schemes, Ashok Gehlot could not score a win. It remains to be seen now if the Congress would respond to the results with a last ditch effort to woo back voters who have perhaps, in its calculation, been driven away by persistent inflation and measures such as a cap on the number of subsidised cooking gas cylinders. Meanwhile experts believe that whichever way the political winds blow, the road to economic recovery will be a long one as governments of all complexions have put their faith in short term measures, leaving the larger problems unattended. Thus while the markets might have responded positively to the BJP wins but low growth, rising inflation, high fiscal stress, falling tax revenues and mounting subsidies remain serious concerns for whichever government comes in next.

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Issue Dated: Feb 5, 2017