Four years of Modi government: An economic report card

No four-year period is a final assessment of a government's performance. However, it does provide a good idea of the directional change it has attempted.


The charts below are an economic report of four years of the

Modi government

STATE OF THE ECONOMY
* Growth is showing signs of revival, shrugging off the impact of demonetisation and GST

* Inflation has remained under check, but oil prices may out pressure

* With simpler rules, India has moved up on the Ease of Doing business rankings

* Low oil prices, better targeting subsidies have helped the Centre keep fiscal deficit under control

* Exports have gathered pace, but higher oil import bill may widen trade and current account

* Government is facing criticism as domestic investment has not picked up and job growth has remained slow

* Weak corporate finances, low demand and RBI's tough norms have pished up bad debt of banks

* Power generation has risen but several plants remain idle due to muted demand

* Highway construction is seen as government's key achievement with pace more than doubling in four years

CONSUMER OUTLOOK
* After taking a beating post demonetisation, consumer confidence has improved but government will want it to pick up further

* Voters see employment prospects at historic lows. It took a beating post demonetisation and is yet to recover

* Consumers' net opinion about their own income levels has been on a downward slide

INDUSTRY OUTLOOK
* Business owners have the most positive outlook on the situation in the last five years

* Most business expect profit margins to decline, but net opinion has improved since May 2014

* Under the Modi government, business people have generally stayed optimistic about future prospects

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