By hope nor hype

Markets largely mirror the state of an economy.There is an unmistakable deja vu in the on going uncertainty of bourses ,a throw back to the UPA II era.Our economic fundamentals have hardly changed from 2012 /13 to an year into a new government, for the major reason that global economies are yet to recover from the post 2008 upheaval.The growth levels in UPA II were never alarming given the universal scenario.The government fell due to political faux pas and a perceived administrative ennui exploited by an impatient opposition.BJP in its anxiety to leverage the prevailing stasis ,assumed that a political change would usher in an economic revival on its own .It disregarded the basics and worse, engaged in projecting a larger than life image of itself.The complexities of a global economic dispensation are not tackled on hope or hype .BJP's performance  is contingent on major world economies turning round with in it's current term .Meanwhile it has to manage the economy more by its wits and less through its ability to change things.