Lok Sabha Elections: Lok Sabha Elections The 7th and final phase of voting for the 7th and final phase of the elections was completed on June 1. With this, the exit polls have also come before the public. In all the exit polls, Narendra Modi is seen becoming the Prime Minister for the third time with a huge majority. The NDA figure is seen crossing 400 in some exit polls. Now the people of the country are eagerly waiting for June 4, the day the election results will be declared. If the NDA crosses 400, it will be a record. Earlier in the year 1984, in the elections held after the assassination of Prime Minister Indira Gandhi, Congress had won 414 seats. Today we are going to give you information on the country’s economy and the state of the stock market during 1984.
GDP growth was half
According to a Business Standard report, when Rajiv Gandhi became the PM in 1984, the Indian economy was growing at a very slow rate of 3.48 percent from 1970 to 1980. Some economists also called it the ‘Hindu rate of growth’. In 1983, it jumped to 7.29 percent. But in 1984, the economy fell sharply to 3.82 percent.
GDP increased huge as compared to 1984
According to recent data, India’s GDP growth rate has been 8.2 percent in the financial year 2024. In the year 1984, India’s GDP was only $ 212.16 billion, which has now grown to $ 3.9 trillion. In the year 1984, India’s foreign exchange reserves were only $ 5.6 billion, which has now become $ 648.7 billion. Before the 1984 elections, the BSE Sensex was less than 300 points, which has now reached 73,961.31 points.
Rupee was very strong against the dollar
In the year 1984, the value of rupee was very strong against the dollar. Only 12.32 rupees were available against one dollar. However, now the value of rupee against the dollar has become 83.43.
BJP which was dreaming of 400 was limited to 2 seats
BJP has fought this election with the slogan ‘Abki Baar, 400 Paar’. If this happens after Rajiv Gandhi Narendra Modi He will be the first person to become PM with such a majority. In 1984, the Telugu Desam Party became the largest party after Congress with 30 seats. After this, the Communist Party got 22 seats, Janata Party got 10 seats, Charan Singh’s Lok Dal got 3 seats and the Bharatiya Janata Party, which is in power today, got only 2 seats.
read this also
Gautam Adani: Gautam Adani snatched the crown of Mukesh Ambani, became the richest man in Asia