The year 2014 saw the rise of the lotus bearing and saffron wielding political party that had lost its way somewhere in the previous decade. Bharatiya Janata Party or the BJP proved haters wrong and showed the opposition what years and years of wrongdoing, fooling around, and a widespread nexus of corruption can do to even the most prominent of the political parties in a country that tasted freedom half a century ago. The Bharatiya Janata Party, under the leadership of Narendra Modi, won the 2014 General elections with flying colors. But this was not due to the setbacks that the Indian National Congress faced but also due to the merits of the man himself, that is, Narendra Modi. The Gujarat model had a huge role to play in the entire process. To be honest, it all began with the Gujarat model which displayed the capabilities of Narendra Modi as a visionary.
But the road to the 2019 General elections has been rough in the past few months. It has been more than half the term of the 5 year BJP governance and despite some benefiting decisions, the ruling government did take some fiery shots that were kind of controversial and questionable. This has made the General elections of 2019 a little more than a piece of cake, opposite to what people did think in the beginning of the term back in 2014 due to the blazing ‘NAMo’ wave. Below are the reasons why 2019 will put the Bharatiya Janata Party and Mr. Narendra Modi to test. Have a look!
The Demons Of Demonetization
Demonetization set upon the Indian economy on 8 November 2016 and shunned the country. People were in an instant turmoil as they had no idea of what hit them all of a sudden. Demonetization also referred to as notbandi basically banned the use of the 1000 and 500 rupees notes. The scheme also gave the people a stipulated time within which they could get the old banned currency exchanged with the newly released currency notes. This led to many difficulties. Especially to the working middle class and lower class income populous. Banks started to witness prolonged queues outside their gates and ATMs began to flood with money hungry housewives and teenagers. The lack of cash gave rise to several hurdles that posed threats to small to medium size businesses. Although there were benefits of this scheme in terms of the introduction of unaccounted money into the system, the demerits were equally weighted and not ignorable.
If you thought demonetization was too much, then GST will blow you away. And it did blow people away in terms of its effects on the economy and the business houses that run within its framework. GST or the Goods and Services Tax is a tax scheme that centralizes all the taxes into basically a single tax. These taxes were divided into various slabs. Slabs were4 divided on the basis of sectors. GST was set to be levied on all the transactions that people encountered such as the transfer, the sale, the purchase, or a barter and lease, and also import of goods and services. India adopted a two way GST model, which means that the taxation is administered both at the Central as well as the State Governments level. The Central Government levies the CGST and the State Government levies that SGST. The GST scheme affected the middle class and lower middle class populous hard. Businesses faced tremendous pressure and losses as well. Although the recent World Bank report states that GST will benefit India in the longer run, things seem a little rough in the beginning stages.
There you go! The factors that will affect the 2019 General elections the most and give the Bharatiya Janata Party and Narendra Modi the run for their money. Hope you liked it.