Economic Policies by BJP Led NDA
•Expanded the process of economic liberalisation
•His government initiated the privatisation of most state
corporations, including the Videsh Sanchar Nigam Ltd.
•His government also began the establishment of special export
processing zones, Information Technology and Industrial Parks
across the country to bolster industrial production and exports.
•His government launched the National Highway Development
•In 2003, the government launched the Pravasi Bharatiya
Samman (Honouring of Non-Resident Indians) and initiated plans to
establish an Overseas citizenship of India.
•His government also expanded efforts to encourage foreign investment,
especially from Europe and the United States.
•The Vajpayee government improved India's ties with the People's
Republic of China, boosting trade and seeking the resolution of territorial
disputes through dialogue
•Accelerated reforms in the agricultural sector - food economy and rural
development programmes targeted.
•Intensification of infrastructure investment, continued reforms in the financial
sector and capital markets, deepening of structural reforms - dismantling
controls constraining economic activity.
•Human development through better educational opportunities and social
•Reduction in non-productive expenditure and rationalisation of subsidies.
•Acceleration of the privatisation process and restructuring of public
•Widening of the tax base and toning up the tax administration.
•Provide social security to the poor.
•Deepen structural reforms and regenerate industrial growth.
BJP Ruled States: Performing Better
• GSDP (Gross State Domestic Product) growing at double pace than
that of National GDP which is at 5%.
• Fiscal Deficits (FD) of all BJP/NDA states below 3% while CENTRES FD
close to 6%
• Average per capita power consumptions of BJP/NDA States – 763
Units. (National Average – 631 Units)
• Average Expenditure on Education of BJP/NDA States is around
5.3% of GNP while National Average is 4.9%
• Higher Gross Primary School Enrolment Ratio and Less Drop-out.