KS
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Growth rate during NDA rule year ending 2000-2004
2000 - 5.5
2001 - 6.0
2002 - 4.3
2003 - 4.3
2004 - 8.3
Average of 5.68%
UPA-1
2005 -6.2
2006 -8.4
2007 -9.2
2008 -9.0
2009 -7.4
2010 -8.4
Sure, 2012 is less. still dint beat NDA score even then world economy was fine
NDA was when the nuclear sanctions on India were in full effect (not to mention 3 years of utter disaster under third front) and it was only in 2003,2004 period that the sanctions were a bit relaxed after Bill Clinton's visit and it was during the NDA regime that the ground work/foundation for UPA I's high growth was laid. Most of the liberalization, divestation were done during the NDA regime which acted as a spur for growth under the UPA I.
The UPA I just inherited the solid foundation laid by NDA and reaped the benefits out of it. Where are the second-generation reforms?
Now see,
1991-92 - 1.3 @ After this manmohan singh was made FM.
1992-93 - 5.1 - Impressive right? He is genius, here he impleted first economical reforms which changed india economy
1993-94 - 5.9
1994-95 - 7.3
1995-96 - 7.8, Then comes NDA...you seee where GDP goes..
First of all Manmohan did not do anything particularly great during the '91 fiasco. When India ran out of money for paying the import bills (there was only 3 week worth foreign exchange) the then Coalition govt headed by Chandrasekhar and his finance minister Yashwant Sinha had to airlift 67 tonnes of gold to pledge for India's import bills. But then Congress pulled out of the coalition and won in the ensuing elections. Now as a result of the gold pledging IMF gave some very tough conditions to India, which we agreed to abide by. Now credit must be given to former PM, Late PVNR for tactly winning over the oppositions and setting the political field clear for implementing the IMF conditions. What the great MMS role in all this is just implementing the dictations IMF gave to him. That any IIM grad worth his salt will do.
Now coming to the second part - where does the numbers go after NDA comes ?. You mean the NDA govt for 13 ******* days ? Somehow you seen to have conveniently forgotten that the nation went to the dogs for three years under the UF govt and NDA came to power only in 1999.
Important thing to note here is. When NDA was ruling India their GDP was less than previous congress government. Still they Hijacked MMS financial reforms. You should be lucky to have talented person like MMS.
The only one hijacking Manmohans reforms and that too consistently is the great sonia mata's kitchen cabinet - NAC. They should be first sent to the firing squad.