New Delhi. After the election results it has become clear that NDA government will be formed under the leadership of BJP, but for any major economic reform BJP will have to depend on the decision of the alliance parties.

Economic experts believe that the economic policies that have been adopted in the last ten years should continue. Only then will it be possible to take the size of the economy to five trillion dollars in the next three years. But the new laws that were expected in the third term of the government in areas like land, agriculture, labor, now will have to depend on parties like TDP and JDU to bring them.

Infrastructure and Social Welfare

Sakshi Gupta, Chief Economist of HDFC Bank, says that even in a coalition government, government spending on infrastructure and social welfare schemes should continue and only then can the GDP growth rate remain at seven percent in the current financial year 2024-25.

According to economic experts, regional parties like JDU and TDP will play an important role in the NDA government because BJP has remained far from the majority. So far, the government was preparing to bring many new laws related to labor, land records and ease of business in the next 100 days. This will not be easy by depending on parties like TDP and JDU because both the parties will easily agree to make only those laws which do not affect the politics of their state and also give them political benefits in their respective states.

Division of ministries in the government

Economic experts also say that the distribution of ministries in a coalition government will also depend on the wishes of the allies. Many other departments related to infrastructure like railways, roads etc. may have to be given to the allies. They can use these to shine in the politics of their respective states. In the outgoing government, BJP had 303 seats, so despite being an NDA government, it did not have to bow down to the allies in the matter of implementing any policy.