All indicators lead to the same conclusion: Modi’s BJP recorded a spectacular victory in 2019 due to its provision of inclusive growth — very close to the best in the world in 2014-18

Before we go into policy mode, one last attempt at explaining what caused the great electoral victory of Narendra Modi/BJP in 2019. At the risk of over-simplification (but not really), one view is that it was Balakot that really turned people’s minds. National security was a prominent concern, and the voters felt that their future would be more “secure” with Modi. We don’t have any disagreement with that conclusion — the issue for us is whether the security issue was the most important factor. It was not.

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