What the new govt needs to do in its first 100 days in one infographic

It’s finally begun. India has started its massive poll exercise this month. By May 16, the results of the elections will be announced, and if all goes well, we will have a new government soon after.

With a sagging economy growing at under 5 percent a year even as inflation remains uncomfortably high, the new government has its work cut out.

A revival in business sentiment and an actual economic recovery however will depend greatly on what steps the new government takes.

Nomura has drawn up an economic agenda for the new goverment’s first 100 days, the key themes of which are speeding up project execution and improving inter ministerial coordination.

More from Economy

Inflation likely to be a big focus area for budget 2024, say sources Explained: Will the Bank of Japan break tradition and raise interest rates?

On the fiscal side, a BJP-led government is likely to rejig the mix of government expenditure towards higher capex (including linking expenditure under MGNREGS to asset creation) and pursue a more aggressive privatisation plan for public sector enterprises, the brokerage predicted. Tax incentives to boost financial savings are also likely.

The infographic illustrates the ’to-do’ list of the government– 10 key steps (suggested by Nomura) that it must undertake in its first 100 days of office in order to get the economy back on track.

Chart content source: Nomura

Chart created by Piktochart