Will there be a boom in Indian Economy?

Economic growth cannot be kick started in single decision or by strong government alone. It is a collection of decisions towards the growth taken at the right time. Building or breaking an Economy may take long time. The base for economic growth, we saw in India from 2003 to 2008, was established by Narasimharao government and Vajpayee government. The base was made for more than ten years for the 2003 – 2008 growth.

UPA-1 and UPA-2 reaped the benefits of this base. Now, the economy is contracting. After an expansion, the contraction phase will follow. This contraction phase will surely take its time and its course. In this period, a strong government can only reduce the impact a little bit.