From Modi’s chances in elections to farm loan waivers; here’s what CARE Ratings survey says

By: |
Published: March 12, 2019 5:50:10 PM

Modi-led National Democratic Alliance (NDA) government will come back to power in the upcoming general elections either with majority or through coalition with allies, a survey said.

Narendra modi, Lok Sabha polls 2019, modi waveOn loan waivers, the participants think that the fiscal situation of the state governments will get pressurised due to the same.

Modi-led National Democratic Alliance (NDA) government will come back to power in the upcoming general elections either with majority or through coalition with allies, a survey said. While 47 per cent of the respondents think the incumbent government will return to power on their own, 34 per cent are less hopeful of clear majority, CARE Ratings’ survey on ‘Economic Perspective for 2019’ said.

“If no absolute majority, it was asked whether there would be a coalition government of NDA with new allies. 84% agreed on this.” the survey also said.

Also read: RBI rejected Modi govt’s these 3 key arguments on demonetisation; here’s what minutes of meeting reveal

On loan waivers, the participants think that the fiscal situation of the state governments will get pressurised due to the same. Major threat for fiscal slippage could arise from loan waivers announced by the state governments, the survey noted.

There could be muted economic growth in the coming fiscal year on account of slowdown in global economy, liquidity pressures in the banking system, elections and rising crude oil prices, it added.

About one-third of respondents think that the GST implementation and resolution of banking system bad loans has been unsatisfactory while ‘housing for all’, ‘power for all’ and ‘financial inclusion’ have been satisfactory. “Reaching out to the poor has been effective unlike the more complex issues like GST and NPA resolution,” it added.

“While most feel that inflation is likely to remain stable in 2019-20, the upside could emanate from rising crude oil prices, adverse monsoon, fiscal slippage and depreciating rupee. MSPs are not a major concern,” it added.

Do you know What is Repo Linked Lending Rate (RLLR), Wholesale Price Index (WPI), Public Debt, Finance Commission Grants & Other Transfers, Economic Survey? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.