Nice post and absolute correct on various intangibles benefits. However, most people and corporates still feel the heat that there is nothing concrete on the grounds. Specially debt ridden corporate houses will not breath easy because of tightening by RBI and Banks. So money laundering or siphoning by taking corporate loans and diverting funds to some other projects are gone with the days. This will have long term impact and will clean up the books of PSU Banks [a positive move]. At least we not see the days how Fed pumped in 800 Billion dollars to bailout banks. Bailout in China is on the card and is anticipated to be 3 Trillion dollars.
Apart from this, Power sector is getting revamped with more emphasis on green energy under dynamic leadership of Mr. Piyush Goyal. Never heard in past about surplus power in the country. Now this is going to be a reality with 100% electrification of villages by 2019.
Gadkari is doing excellent job in reviving the Transport sector and giving more emphasis on waterways. Highways are extended and connecting rural sector.
Prabhu has done commendable job in reviving the railways. Actions are quite visible and is on right track. Cleanlines of Railway platforms, coaches and food quality served in trains are some of the biggest game changer in Railways revival. I am sure he will transform it to a Cash Cow status contributing to GDP significantly.
Defence Minister Mr. Parikar is also doing very good job and has saved billion dollars in various deals. However, mantra of self reliance as part of Make in India is appreciable. May be once the deals are get frozen with Defence suppliers. This may turn India to be one of the biggest exporters of arms and ammunition.
Agriculture sector is also revamped and connecting directly with farmers through Mann ki Baat and electronically through apps and staring of electronic Mandi to sell their goods directly to retailers are great steps. However, poor monsoon has overshadowed all such efforts and there is hue n cry on water crisis faced by many states and diverting the attentions.
Over all, I rate Modi governance 4 out 5 as it is too early to expect so much from the govt, where opposition is trying their best to derail all good initiatives in the interest of nation. Little support from Opposition could have resulted fast output.
Thanks for beautiful elaboration, Dilip.. 🙂 You are absolutely right on every point, specially the banking sector.. Yes, compared to the mess Banking sector created in US or in China, our banks are in much better shape..
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