Letters: BJP - An easy ride so far

Apropos the editorial "On the rise" (August 20), the last 18 months of the United Progressive Alliance (UPA)-II must be given credit for today's pent-up equity gush. Administrative tuning gives the common man hope but business and corporations are looking for the bold print. So far, the National Democratic Alliance-II is all but an extension of UPA-II. No dramatic turns have come about in steering the course of "reform". The Bharatiya Janata Party(BJP) is carrying some baggage of the past and will have to bear it for a while. It also had to contend with the "festival inflation" season and the El Nino. The markets can afford to play on their fond imaginations till the end of the fiscal year. By then, one way or the other, the political outlook for the BJP will take shape and so will the nation's economic indices. In the interim, inflation will amply tax the consumer, who will now raise his expectations from the government. The real challenge for the Modi government will start then.

R Narayanan Ghaziabad

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