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BIG STORY                                                               APRIL 26, 2024     |  The Indian Eye                    5



        government with a full majority that                                                                      Most importantly, the report by
        can take the country towards ‘Viksit                                                                  DBS  noted  that  elements  of  struc-
        Bharat’ swiftly,’ after unveiling the                                                                 tural reforms were largely absent in
        BJP’s manifesto.                                                                                      their manifestos. For BJP, maintain-
            Addressing the gathering of                                                                       ing continuity in schemes will have
        leaders at party headquarters in the                                                                  minimum  financial  implications  be-
        national capital after the unveiling of                                                               cause most spendings are budgeted
        the BJP’s manifesto, ‘Sankalp Patra’,                                                                 in the Interim Budget. In the case of
        PM Modi noted that there is a situa-                                                                  Congress, implementing  the prom-
        tion of war going on across the world.                                                                ises they made will entail significant
        He further stressed that the security                                                                 fiscal costs, necessitating subsequent
        of Indians living in these regions is                                                                 revenue-enhancing measures, DBS
        India’s priority. This comes amid                                                                     senior economist Radhika Rao ar-
        the tensions between Israel and the                                                                   gued.
        Hamas terror group, Israel and Iran,                                                                      “We foresee limited fiscal impli-
        and the Russia-Ukraine conflict.                                                                      cations from these (BJP) announce-
            Moreover, PM Modi further                                                                         ments as part of these were included
        said, “Cloud of uncertainty is hover-  Prime Minister Narendra Modi during a public meeting in Amroha, UP, on Friday (ANI)  in the interim budget and the man-
        ing over the world today. There is a                                                                  ifesto did not outline any new big-
        situation of war. The world is tense.   me. And I believe that they will join,”   gamers. They say, sir, we go to play   bang reforms or fresh social welfare
        In such times of crisis, the security of   PM Modi said.            in the country of the world. Data is   spending programs,” said the report.
        Indians living in these regions is our   PM Modi criticized the Congress   so expensive there. We have so many   Going by the Congress manifes-
        priority.”                        manifesto stating that it had failed   opportunities for us in India” the PM   to, DBS noted that the fiscal deficit
            PM Modi emphasized that with   the economy completely. “This man-  added.                         target of 5.1 per cent of GDP might
        tensions across the world, it is nec-  ifesto completely fails the economy.   Meanwhile, as India begins to   be missed by a sharp margin.
        essary to have a strong government   In a way, the manifesto of opposi-  vote for a new government at the   “There is a lack of clarity as to
        that makes the country economically   tion, destroys the aspiration of the   Centre,  with  the  first  of  the  seven   what extent these measures will be
        prosperous, adding that the BJP is   first-time voter of the country. If you   phases of the election held on Friday,   implemented,” DBS said about Con-
        determined for this.              do the complete analysis, then the   the Development Bank of Singapore   gress promises.
            “When such tensions prevail   biggest loss is for the people who are   (DBS) has come out with a report   Coming to the manifesto, the
        across the world, it becomes all the   less than 25 years old. This manifes-  analyzing the poll promises made by   BJP highlighted the work done by its
        more necessary to have a strong and   to will destroy their future. I want to   the incumbent BJP-led government   government in the past decade of be-
        stable government with a full major-  make their lives better. I want to give   and the principal opposition party   ing in power and remained focused
        ity - such a government that makes   strength to innovation in the coun-  Congress.                   on continuing existing social welfare
        the country  economically prosper-  try,” PM Modi said.                 According to the manifesto, the   programs, but with a better outreach
        ous, that takes the country towards   “The young generation thinks   ruling party emphasized continuity in   BJP also signaled a continuation
        ‘Viksit Bharat’ swiftly and the BJP is   that our lives are getting better. To-  schemes and policy rather than fresh   of the infrastructure push, policies
        determined for this. The BJP’s man-  day, the data of my country is so   big-bang changes while the main op-  to expand the manufacturing sector,
        ifesto gives a guarantee for one such   cheap. The result of cheap data is   position goes with populist hues. So,   and establishment the country’s po-
        government,” he said.             that I have given strength to my   in brief, the main differences in the   sition as a voice of the Global South.
            “India, being a friendly nation,   youth to usher a digital revolution   promise documents of the two par-  Some other big promises by the BJP
        will keep on making efforts for the   in the country. Today, I just met the   ties are continuity and populism.  are to introduce ‘One nation, One
        betterment of humanity,” PM Modi                                                                      Election’ by 2029, besides pursuing
        added.                                                                                                the Uniform Civil Code.
            After the launching of his party’s                                                                    “Similar to the pre-poll interim
        manifesto, Narendra Modi has hit                                                                      Budget, where the ruling central gov-
        out at the Congress party, saying that                                                                ernment prioritized prudence over
        it  fails  the  aspirations  of  the  young                                                           populism (Budget), the manifesto
        voters of the country.                                                                                signaled a continuation of existing
            Speaking in an interview, the                                                                     reforms and social welfare schemes
        Prime Minister said that his vision                                                                   rather than lean towards new big-
        for a developed India in 2047 aligned                                                                 bang promises, which could carry sig-
        with the first-time voter of today who                                                                nificant fiscal costs,” DBS said.
        would be the biggest gainer from                                                                          On the other hand, Congress
        such a scale of development. “The                                                                     made a slew of promises to various
        developed India that I am talking                                                                     sections  of  society  in  its  manifesto
        about, who has a simultaneous fu-                                                                     including a legal guarantee for MSP,
        ture with it? Those who are 20 years                                                                  raising the minimum daily wage un-
        old today. This is the time frame of                                                                  der MGNREGA to Rs 400, a con-
        his entire life, in a way. He will be                                                                 firmed first job and an annual stipend
        40, 45 years old in 2047. This means                                                                  of Rs 1 lakh to educated youth, an as-
        that the process of India’s develop-                                                                  sistance worth Rs 1 lakh annually to a
        ment and the process of his life are                                                                  woman from poor families, farm loan
        both the same. There is a golden op-                                                                  waiver among others.
        portunity for him. He is going to be                                                                      As India goes to polls, which will
        the biggest beneficiary of 2047. This         Congress leader Rahul Gandhi greets the gathering during a    last till June 1, it is going to be a clash
        is what I am explaining to him that I            public meeting in Kannur, Kerala, on Thursday (ANI)  of two different narratives – based on
        am making your future. You join with                                                                  their manifestoes.


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