According to Nomura, when compared to the Congress manifesto, which focusses on entitlements, the BJP is relying on effective delivery and implementation and better rural infrastructure to result in rural prosperity
The Bharatiya Janata Party (BJP) on Monday released its manifesto for the general election 2014. "While the vision of both BJP and Indian National Congress (Congress) parties remains on higher growth and lower inflation, their strategies differ and it will finally boil down to implementation. Opinion polls continue to point to rising momentum in favour of the BJP in the general elections. We believe the policies laid out in the BJP’s manifesto appear both sound and prudent, and, if implemented, bode well for the economy," says Nomura in a research note.
According to Nomura, when compared to the Congress manifesto, which focusses on entitlements, the BJP is relying on effective delivery and implementation and better rural infrastructure to result in rural prosperity. Similarly, rather than promoting higher support prices as promised by the Congress, the BJP plans to develop the agriculture sector by increasing public investment and boosting productivity. Overall, the BJP’s policies seem more centre-right, as expected, versus Congress’ more centre-left policies, it added.
Earlier, Nomura, while commenting on the manifesto released by Congress on 26th March, had said that the differentiating factor in the next elections will be the ability and the willingness of the new government to take up these reforms.
"The Congress’ manifesto suggests that the focus will be on getting the economy back on track. However, the entitlement-based policies will continue and will be widened to cover housing and health, which will entail a higher fiscal cost. Policies such as raising the minimum support price for farmers will also be inflationary. Other suggestions regarding economic reforms have been on the table for a long time now," Nomura added.
Here are the key highlights of manifestos released by BJP and Congress...
BJP
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There is nothing about reformation about Labour Laws, Union and changes in industrial policy . Will the permi9t raj and all the road blocks to discourage investment continue.
Where is the talk of taking immediate action against the crooks contractors etc.
It seems RSS under the umbrella of BJP will not have time to do anything but promote Hinduvta and build the temple. Will the saffron clad Babas and Yogi allow such changes????