2019 vs 2009 ( Economic Prosperity or Economic Doomness )

2019 vs 2009 ( Economic Prosperity or Economic Doomness )

Ten years have passed . Do any one find any similarity as I do .

2009 – Global economic meltdown , USA , China and Europe in economic distress . UPA 1 government in place and we voted for UPA 2.  

SITUATION IN INDIA – A great opportunity wherein in the back of good growth from 2004-09  India could have attracted foreign inflows. FIIs/ FPIs seeing a negative ROI in their own economies would have invested in India . India would have flourished and grew by leaps and bounds .

BUT WHAT HAPPENED – In order to keep coalition partners happy ( Left had pulled out earlier so Congress did not want to get into minority ) no clear economic policy . Loots and corruption in almost all economic activities ( 2G,3G, Coalgate etc ) made foreign investors more apprehensive about India. So rather than inflow we saw outflow of foreign money . Market tanking and also domestic investors losing confidence . RECESSION IN INDIA WAS NOT NATURAL BUT IN FACT IMPOSED BY CONGRESS due to stated reasons .

CONSEQUENCES – we lost a golden 5 year ( 2009-14) wherein we could have doubled our growth and prosperity

NOW 2019 – Same situation as of 2009 being visible . USA , China and European countries facing imminent slowdown . A strong NDA government in place . Election to follow .

SITUATION IN INDIA – BETTER THAN 2009 . We are now in top 5 , our GDP growth is fastest in world, huge forex and gold reserve to counter any global negatives , policies and process for growth etc Foreign investors confidence for investment in India ,

WHAT CAN HAPPEN -- Either repeat of 2009 if we Indian vote out strong government ( BJP and NDA ) to replace again with corrupt , coalition , indecisive government ( Congress and others ) or we learn from our mistake , don’t lose this GOLDEN OPPORTUNITY and vote back BJP and NDA back to power .

Your Vote will decide – repeat of 20O( Opportunistic )9 or forward looking 20I(INDIA)9