Journal of International Business and Management (JIBM)

Print ISSN: 2616-5163

 Online ISSN: 2616-4655

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Volume 3 | Issue 3 | 2020


Title: Economic Consequences and Overall Implications of Bhartiya Janata Party (BJP) Rule in India during 2014-19

Author(S): Dr. S. K. Sharma

Corresponding Author Affiliation*: Mahatma Jyotiba Phule Rohilkhand University, Bareli, India

Abstract:

Not all popular governments that are formed prove to be good for the economy. The present government is no exception to this. The tall election campaign promises of employment generation and removal of black money, among others, brought Bhartiya Janata Party (BJP) in power in 2014. But the government failed miserably on economic fronts. The lowest India’s growth rate of 5% may be attributed to failure of monetary and fiscal policy that culminated into demonetization and excessive rise of Non- Performing Assets (NPA). The paper examines the false promises of welfare to the people by the BJP government and yet sustaining the same by political manoeuvrability in 2019. The erstwhile United Progressive Alliance (UPA) government did much better on economic fronts, but it failed in reaching to the people. If the BJP government does not revert to fulfilling its promises which perhaps is very difficult now, there would be accentuation of poverty and unemployment in India.

Keywords: Government, Bhartiya Janata Party (BJP), United Progressive Alliance (UPA), Poverty, Unemployment, India

DOI: https://doi.org/10.37227/aricon-2019-jibm-9

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