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Good show by Modi govt in four years; private sector now needs to pitch in

In terms of conceptualisation and implementation of policies, performance of NDA govt has been remarkable

Narendra Modi
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Phile photo of PM Narendra Modi | Photo: PTI

Madan Sabnavis
Evaluating the performance of any government on economic grounds is challenging. This is so because direct linkages are at best by chance as phenomena like oil prices, monsoons, global forces etc. affect inflation and exchange rates which are beyond the purview of any government. Further, it would also be disingenuous to say that the NPAs are high during a particular regime due to the ruling government as these things build up over time and mere recognition cannot be attributed to a government. 

Hence, to evaluate the performance of the NDA government in the last 4 years a twofold approach is

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