Why does Indian Prime Minister Narendra Modi has High Approval Rating

in Economics4 days ago

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Between the period of January 21 to 27 this year a survey was carried out by Statista Worldwide to know the citizens approval rating of their president.

India's prime minister got the highest approval rating after getting over 70%, The Indian Prime Minister was reelected in 2024, although his party lost its majority in parliament.

What does this mean?

Let's look at some of Narendra Modi's achievements since becoming the president that gave him such approval.

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From the chart above India has sustained meaningful economic growth over his period as the prime Minister between 2014 to 2018 the GDP has sustained a growth rate between 5% to 8% although there was a 3% growth rate in 2019 and a huge negative growth rate of -5% in 2020 which was obviously due to the Covid 19 pandemic that affected global economy and forced most economies into recession.

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However there was a massive rebound in 2021 that saw the GDP grow over 9% and since then the GDP has been growing.

And over his tenure India's GDP has grown from $2 Trillion to over $4 Trillion and the inflation rate is reasonably around 5% and unemployment was down to around 7% for a large population of over 1.4 Billion people and has $704.885 billion in its foreign reserve which is the 4th highest in the world.

Meanwhile, recently inaugurated U.S. president Donald Trump had also had an approval rating of over 50 percent.